Friday, August 8, 2008

Banks renew plea for expanded short sale rule

Jeffrey Vasquez, right, and fellow traders work on the floor of the New York Stock Exchange after the Federal Reserve interest rate decision, Tuesday Aug. 5, 2008. Wall Street held on to a big advance Tuesday after the Federal Reserve left the benchmark federal funds rate target unchanged at 2% and assuaged some of the market's fears about the economy. (AP Photo/Richard Drew) Reuters - Thu Aug 7, 5:55 PM ET
WASHINGTON (Reuters) - A banking group has renewed its plea to the Securities and Exchange Commission to broaden a rule aimed at curbing abusive short selling and market manipulation.

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