"September 19, 2008
Dear XXXXXXXXX clients,
Due to the industry impact of today’s Securities and Exchange Commission emergency order on short selling (the SEC Order), EFFECTIVE IMMEDIATELY, we will not be able to facilitate short sales for any of our clients in any of the Financial Firms included on the list attached to the SEC order. The SEC order is in force until October 2, 2008 unless further extended.
IN THE EVENT ANY CLIENT ATTEMPTS TO ENTER A SHORT SALE IN VIOLATION OF THIS ORDER WE WILL IMMEDIATELY CLOSE OUT THE POSITION AND THE CLIENT WILL BEAR TOTAL RESPONSIBILITY FOR ANY LOSSES SUFFERED OR LOST OPPORTUNITIES REALIZED AS A RESULT OF THE BUY-IN.
For additional information, please visit the SEC website at http://www.sec.gov./ or contact the Trade Desk at (800) XXX-XXXX."
List of Firms: 799 Financial Firms. Breaking news GE/CIT to be added..?
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