Alert September 15, 2009

SEC Securities Lending and Short Sale Roundtable

The SEC announced that it will hold a roundtable on securities lending and short sale issues on September 29 (securities lending) and September 30, 2009 (short sales).  The public is invited to the roundtable on first come, first served basis, and the roundtable discussion will be available via webcast on the SEC website.  The SEC has posted an agenda for the roundtable.  Panelists, who 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, will be announced prior to the roundtable.  The SEC will accept comments regarding issues addressed in the roundtable discussion until October 30, 2009.