Archive for the ‘News’ Category

Hey SEC, why not publish daily short interest?

Tuesday, September 23rd, 2008

From NASDAQ.com :NASDAQ member firms are required to report their short positions as of settlement on (1) the 15th of each month, or the preceding business day if the 15th is not a business day, and (2) as of settlement on the last business day of the month.* The reports must be filed by the second business day after the reporting settlement date. FINRA compiles the short interest data and provides it for publication on the 8th business day after the reporting settlement date.

I need to wait two weeks in order to see the short interest for the first two weeks of the month. Instead of banning shorting, why not publish daily interest for individual securities sooner? Even weekly short interest would be helpful! Someone help me understand why this is not possible or feasible. Please SEC provide more transparency without intervening.

Publication Schedule for 2008 - nasdaqtrader.com

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MS and GS cleared to become commerical banks

Sunday, September 21st, 2008

The Federal Reserve Board approved the applications of Morgan Stanley and Goldman Sachs Group Inc. to become bank holding companies, the Fed said.

The Federal Reserve Board on Sunday approved, pending a statutory five-day antitrust waiting period, the applications of Goldman Sachs and Morgan Stanley to become bank holding companies,” the central bank said in an e-mailed press release in Washington.

Goldman Sachs and Morgan Stanley now have to deleverage and allow for additional government regulation. Morgan Stanley currently has a debt-to-equity ratio of 30:1, while Goldman Sachs has one of about 22:1.

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