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PHILADELPHIA - WALL Street executives expect the US Securities and Exchange Commission to extend temporary curbs on short-selling and widen them to cover additional stocks, the Wall Street Journal reported.
The limits are set to expire on Tuesday, and financial executives expect the SEC to expand the limits beyond the 19 financial companies initially targeted, the WSJ reported in its electronic edition on Sunday.
Wall Street executives, lobbyists and hedge-fund industry representatives over the weekend had discussed asking the SEC to reconsider, the newspaper said.
During a call with regulators on Friday, the hedge fund industry trade group got indications that the SEC planned an extension of the emergency period and the limits could include insurance, housing-industry and financial stocks, the newspaper said.
The SEC is also working to make short-selling rules permanent, the newspaper said. The SEC staff is expected to narrow the options and make a recommendation to four SEC commissioners as soon as Monday, the newspaper said.
An SEC spokesman was not immediately available to comment. -- REUTERS
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