FACTBOX-Timeline and details of short-selling crackdown


WASHINGTON, Sept 23 (Reuters) - The U.S. Securities and Exchange Commission recently cracked down on short-selling. The emergency and formal actions have been an attempt to calm the turmoil in global markets, which has led to wild price swings in the stocks of major financial firms. Short-sellers borrow shares they consider overvalued and sell them. If the price drops, they repurchase the shares, return them and pocket the difference. In a so-called "naked" short sale, the investor sells ...

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