Statement From Bob Greifeld, Chief Executive Officer, The NASDAQ OMX Group, Inc., Regarding Lifting SEC Short Sale Ban
Date 08/10/2008
"NASDAQ OMX supports the SEC action today to lift the temporary ban placed on short selling in financial stocks. We will continue to closely monitor market conditions with regard to short selling. NASDAQ OMX remains engaged in active dialogue with regulators and the industry to improve conditions for investors and companies related to short selling activity. We believe the new in-place rules deliver strong and necessary investor protections related to naked short selling. The strengthened regulation will go a long way to prevent nefarious market activity which is detrimental to the market quality we endeavor to provide to investors and companies each day."