Wed, May 25, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Short-selling creates uproar on both sides of the Atlantic

Monday, February 15, 2010

From Sagar Chakraverty, Opalesque Asia:

While the global economy is gradually coming back to track after the financial crisis, with liquidity flowing in, there are lot of ideas going around in the markets – ideas to avert another crisis. As the voices are growing louder in the advanced economies, one can distinctly hear a protest against the short-sellers, who are seen as the villains of the global crisis. They are charged with reducing liquidity, raising volatility, and even causing nations to fail. As short-sellers stand in the ‘financial courts’ and shoulder all the blame in the US and the EU, it would be interesting to see what actions are taken on them.

SEC may restrict “the practice of short selling” in coming weeks The US Securities and Exchange Commission (SEC) will be mulling over restrictions on the practice of short selling in the coming weeks, SEC chairman Mary Schapiro revealed in a speech at ‘SEC Speaks in 2010’, a seminar held in Washington DC on 5-Feb and 6-Feb.

Schapiro said: “Finally, in the past year, we adopted rules that seek to reduce the potential for abusive ‘naked’ short selling in the securities market. These rules have significantly reduced the number of times short sellers failed to deliver securities. Looking ahead, in the coming weeks, we will consider proposals to restrict the practice of short selling,” Global Securities Lending ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Paul Tudor’s hedge fund trims fee amidst poor performance, keep investors[more]

    Komfie Manalo, Opalesque Asia: Paul Tudor’s $11.6bn hedge fund firm Tudor Investment Corp. announced on Monday it would slash down fees of one of its biggest fund to 2.25% of assets and 25% of profits amidst backlash arising from poor performa

  2. West Virginia objects to Alpha Natural sale to hedge fund[more]

    From AP/Heraldcourier.com: West Virginia's environmental authority has filed an objection to the proposed $500 million sale of Alpha Natural Resources' assets to a hedge fund, arguing that the deal could leave the state holding hundreds of millions in reclamation liabilities. The Register-Hera

  3. Mitch Petrick leaves Carlyle as his hedge fund unit suffers losses while assets expand[more]

    Komfie Manalo, Opalesque Asia: Mitch Petrick will be leaving Carlyle Group as head of its hedge funds unit overseeing about $34bn as of March 31, after several funds under his management suffered losses while assets expanded, various media reported. Petrick joined Carlyle in 2010 and was a former

  4. Institutions - Kentucky pension leans into hedge funds amid governance turmoil, Korea's NPS names finalists for initial $1 billion hedge fund-of-funds allocation[more]

    Kentucky pension leans into hedge funds amid governance turmoil From AI-CIO.com: The Kentucky Retirement Systems moved to increase its hedge fund allocation as controversy reigned over fund leadership. Following a string of high-profile hedge fund exits, the Kentucky Retirement Systems (

  5. Fund Profile - The hedge fund that couldn't stay open long enough for a big payday[more]

    From Bloomberg.com: Toby Dodson waited six months for his bet against a fragile Portuguese bank to pay off. But before the reckoning, word came down from his hedge fund bosses at Achievement Asset Management in Chicago: get ready to clear out your desk and unwind your trades, we’re shutting down. Th