SEC clamps down on short sellers

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The U.S. Securities and Exchange Commission unveiled new rules, which go into effect on Thursday, governing the conduct of people who profit from stock declines. So-called short-sellers have been blamed for aiding in the collapse of Bear Stearns and Lehman Bros. and for more recently punishing shares of Goldman Sachs and Morgan Stanley.Conway G. Gittens reports.SPEAKER: Art Hogan, chief investment stategist, Jefferies & Co

Tags: rules, stock, Lehman Bros.

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