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NYSE adds 30 stocks to SEC's short sale ban list



22 September 2008 @ 11:37 am EST

The New York Stock Exchange added 30 stocks of companies to a temporary ban on short selling following an order last week by U.S. regulators.

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Quotes
GE 17.55 -0.58
COF 30.99 -0.6
DFS 10.02 -0.38
LM GM 18.02 0.52
TD 32.66 -1.23

SYMBOL LOOKUP

The NYSE list, issued on Monday, includes shares of General Electric (GE), Capital One Financial Corp (COF), Discover Financial Services (DFS), Legg Mason (LM) and General Motors Corp (GM), Toronto Dominion Bank (TD).

The U.S. Securities and Exchange Commission answered complaints that its list of 799 stocks issued on Friday had missed companies with major financial operations, by letting exchanges add to its list.

The SEC emergency order against short sales is said to last through October 2. It may be extended further if the agency deems it necessary, but it can only last a total of 30 calendar days.

The SEC order followed similar action by the U.K. Financial Services Authority, which imposed a temporary four-month ban on short-selling of financial stocks, according to Reuters.

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