5.5.2009 Chairman Mary L. Schapiro gave opening remarks before roundtable discussions on short sale selling and the SEC’s two proposals to short selling restrictions—a permanent, market-wide short sale price test and temporary short selling restrictions upon individual securities during periods of severe declines in the prices of those securities. That day, the panels were convened to discuss short selling, including the necessity and effectiveness of short sale price tests and short sale circuit breakers, the Commission’s recent proposed amendments to Regulation SHO, the costs and benefits of the regulatory alternatives, and the empirical side of the debate over short sale restrictions.

Click http://www.sec.gov/news/speech/2009/spch050509mls.htm to access Chairman Schapiro’s full remarks.