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NYSE Euronext Statement on SEC Short Selling Concept Release.
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NYSE Euronext commends the U.S. Securities and Exchange Commission for issuing today's thoughtful concept release, which seeks public comment on several different approaches to restricting abusive short selling. NYSE Euronext and other exchanges recently proposed for the SEC's consideration one such approach, and we look forward to reviewing the SEC's release and working with the SEC and all market participants to develop a solution that balances the interests of investor protection and the liquidity and efficient operation of the markets.
-- Larry Leibowitz, Group Executive Vice President and Head of U.S. Markets and Global Technology, NYSE Euronext
Note: Link to joint exchanges letter, dated 24 March 2009: http://www.nyse.com/pdfs/Uptick_Letter_SEC.pdf
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