German regulator BaFin temporarily bans short selling of eleven financial stocks....

The German Federal Financial Supervisory Authority (BaFin) on Friday temporarily prohibited short sales (transactions resulting in a short position) of shares of the following companies from the financial sector:

AAREAL BANK AG
ALLIANZ SE
AMB GENERALI HOLDING AG
COMMERZBANK AG
DEUTSCHE BANK AG
DEUTSCHE BÖRSE AG
DEUTSCHE POSTBANK AG
HANNOVER RÜCKVERSICHERUNG AG
HYPO REAL ESTATE HOLDING AG
MLP AG
MÜNCHENER RÜCKVERSICHERUNGS-GESELLSCHAFT AG

The ban will apply from 20 September 2008, 00.00 hrs., to 31 December 2008, 24.00 hrs, but will be reviewed on an ongoing basis.

BaFin justified this move by the recent developments......................

Source:
German regulator BaFin temporarily bans short selling of eleven financial stocks....


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