LocateStock.com, The Short Sellers Condom

Don't get caught naked, use LocateStock.com.

Jersey City, NJ (PRWEB) July 15, 2008 -- Today, the Chairman of the Securities and Exchange Commission, Christopher Cox, told the Senate Banking Committee that the agency will invoke emergency action requiring short-sellers to pre-borrow shares of Fannie Mae and Freddie Mac prior to executing a short sale. Such a move will protect the mortgage giants from huge sell-offs in their stocks.

LocateStock.com is the only third party software provider of real-time, pre-borrow locates available to the U.S. Capital Markets.

The securities identified in the Commission's order:

Company         Ticker Symbol(s)

BNP Paribas Securities Corp.        BNPQF or BNPQY

Bank of America Corporation     BAC

Barclays PLC     BCS

Citigroup Inc      C

Credit Suisse Group     CS

Daiwa Securities Group Inc         DSECY

Deutsche Bank Group AG     DB

Allianz SE     AZ

Goldman, Sachs Group Inc     GS

Royal Bank ADS     RBS

HSBC Holdings PLC ADS     HBC and HSI

J. P. Morgan Chase & Co.         JPM

Lehman Brothers Holdings Inc     LEH

Merrill Lynch & Co., Inc         MER

Mizuho Financial Group, Inc     MFG

Morgan Stanley     MS

UBS AG     UBS

Freddie Mac     FRE

Fannie Mae         FNM

In the Spring of 2006, Trader Magazine quoted the founder and Chief Executive of LocateStock.com, John Tabacco, explaining that because LocateStock.com partners actually borrow the securities, or have proprietary inventory, the locate is as firm as can be. Mr. Tabacco also noted two years ago that regulation is moving in the direction of demanding a pre-borrow.

Today, Mr. Tabacco's words are even more relevant. "The SEC announcement is a tremendous development, and a huge step in the direction of responsible Short Sale Governance."

Mr. Tabacco added that the new direction by the SEC punctuates the LocateStock model, which has been engaged in pre borrowing shares since 2005. "Never before has our corporate slogan been more apropos."

Mr. Tabacco reminds short sellers not to get caught naked and to use LocateStock.com.

About LocateStock.com

LocateStock.com is the premier electronic securities lending company providing revolutionary, real-time, hard-to-borrow stock locates and market data to hedge funds and professional traders seeking an efficient and private way to borrow stock associated with short sales.

To learn more about hard-to-borrow stocks please visit www.LocateStock.com.

CONTACT:    pressrelease @ locatestock.com / 201-332-6800

SOURCE:     Locate Stock, LLC

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