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SEC Charges Options Trader for Illegal Short Selling Tactics

Wednesday 14 December 2011 SEC
Washington, D.C., Dec. 13, 2011 — The Securities and Exchange Commission today charged an options trader in the Chicago area with violating short selling restrictions when he failed to locate and deliver the shares involved in short sales to broker-dealers and their institutional customers.
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http://www.sec.gov/news/press/2011/2011-264.htm