David Einhorn’s Greenlight Capital has opted off the SEC’s no-short list.

Here’s the Nasdaq statement. HT Naked Shorts.

The following NASDAQ-listed company has been voluntarily removed from the SEC’s original list of Included Financial Firms:

Greenlight Capital Re, Ltd. (GLRE)
Effective Wednesday, September 24, 2008, this company will not be subject to the restrictions of the SEC’s Emergency Order.

Yeah so, you can call David Einhorn lots of things, we guess, but hypocrite is not one of them.

Greenlight Capital is now the third company to voluntarily jump off the list, we think, the first having been Diamond Hill Investment Group on Monday, with JMP Securities joining them yesterday.

Einhorn of course is a veteran shorter, having taken a big bet against Lehman Brothers earlier this year. Somewhat ironically the perceived role of short-sellers like Einhorn in Lehman’s collapse last week is what sparked the SEC’s temporary ban on shorting financials in the first place.

These broken markets are funny that way.

This entry was posted by Tracy Alloway on Wednesday, September 24th, 2008 at 16:04 and is filed under Capital markets, Hedge funds, People. Tagged with david einhorn, greenlight, sec, short-sellers. Edit this entry.