NEW YORK (MarketWatch) -- U.S. stocks fell sharply on Wednesday as Germany's ban against naked short selling of some financial stocks and government bonds reminded Wall Street of its not-too-distant past. It's not the actual banning, given the practice being banned in Germany "is kind of illegal here anyway, but the deja vu of Lehman," said Jay Suskind, senior vice president at Duncan-Williams Inc., of the onetime global financial services firm that went bankrupt in 2008. The Dow Jones Industrial Average DJIA, +1.19% fell 111.85 points, or 1.1%, to 10,399.1. The S&P 500 Index SPX, +0.82% declined 10.82 points, or 1%, to 1,109.98. The Nasdaq Composite COMP, +0.74% shed 27.11 points, or 1.2%, to 2,290.15. [Updates to correct typo.]