Final Rule
Short Selling in Connection With a Public Offering
Overview
The Securities and Exchange Commission ("Commission') is adopting amendments to Regulation M to further safeguard the integrity of the capital raising process and protect issuers from manipulative activity that can reduce issuer's offering proceeds and dilute security holder value. The amendments eliminate the covering element of the former rule.
Prior Actions
Proposed Rule (34-54888)
Release Number
34-54888
34-56206
SEC Issue Date
Dec. 6, 2006
Federal Register Publish Date
Dec. 13, 2006
Document Citation
71 FR 75001
RIN
3235-AJ75
Resources
Details
File Number
S7-20-06
Rule Type
Final
Release Number
34-56206
34-54888
SEC Issue Date
Aug. 6, 2007
Effective Date
October 9, 2007
Federal Register Publish Date
Aug. 10, 2007
Document Citation
72 FR 45093
RIN
3235-AJ75