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SEC Follow Up Exhibits Part C SEC_OEA_FCIC_001760-2501

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Economic Analysis of the Short Sale Price Restrictions<br />

Under the Regulation SHO Pilot<br />

Office of Economic Analysis<br />

U.S. Securities and Exchange Commission<br />

February 06, 2007<br />

This is a report of the staff of the Office of Economic Analysis. The Commission has expressed<br />

no view regarding the analysis, findings or conclusions herein.

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