SEC to Probe Sec Lending Practices

September 11, 2009 ( - The Securities and Exchange Commission (SEC) has announced that it will hold a roundtable about securities lending and short sale issues later this month.

The roundtable, scheduled for September 29 and September 30, will feature an in-depth review of securities lending practices and also analyze possible short sale pre borrowing requirements and additional short sale disclosures, according to the SEC.  

On September 29, the roundtable will focus on securities lending issues and take place from 9:30 a.m. to approximately 4 p.m. On September 30, the roundtable will focus on short sale pre-borrowing and additional short sale disclosures and take place from 9:30 a.m. to approximately 12:30 p.m.

Panel List

The program announcement says that panelists are expected to include:

  • investors,
  • corporate issuers,
  • financial services firms,
  • beneficial owner lenders,
  • lending agents,
  • borrowers of securities,
  • self-regulatory organizations,
  • international regulators and
  • the academic community.

The roundtable agenda is available  here . The list of panelists will be announced at a later date.

The SEC said that the public is invited to observe the roundtable discussion, and that seating will be available on a first-come, first-served basis. The roundtable discussion also will be available via webcast on the SEC Web site.

More information is available at .