Finance & Business World

Nearly 100 additional stocks, including Legg Mason Inc., were added Monday to the Securities and Exchange Commission’s list of publicly traded companies temporarily protected from short sales.

Baltimore-based Legg (NYSE: LM) joins the original list of 799 financial companies that contained several glaring omissions, which the SEC says was the result of an oversight.

“Difficulties with the classification criteria led to the omission of financial institutions falling within these categories,” the SEC said in a statement on its Website. The list now covers “banks, savings associations, broker-dealers, investment advisors, and insurance companies, whether domestic or foreign, and the owners of any of these entities.”

McLean, Va.-based Capital One Financial (NYSE: COF) was also added to the list on Monday cash advance.

Stocks temporarily barred from short sales are those that get a substantial portion of their revenue from lending, and it now also includes companies such as General Electric (NYSE: GE) and General Motors (NYSE: GM) as well.

The SEC’s emergency order barring short sales will expire Oct. 2 unless its commissioners vote to etend the rule.

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