Securities and Exchange Commission: Amendments to Regulation SHO
GAO-09-138R: Oct 31, 2008
- Full Report:
GAO reviewed the Securities and Exchange Commission's (SEC) new rule on amendments to Regulation SHO. GAO found that (1) the final rule makes amendments to Regulation SHO under the Securities Exchange Act of 1934 and eliminates the options market maker exception to the close-out requirement of Regulation SHO; and (2) SEC complied with the applicable requirements in promulgating the rule.