Wed, Sep 17, 2014
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. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  2. Investors looking at other sources for hedge fund-like returns[more]

    Komfie Manalo, Opalesque Asia: Investors who are always on the lookout for higher gains are looking at alternative sources of income, particularly exchange-traded fund industry that generates hedge fund-like returns, according to

  3. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Opalesque Exclusive: Old Hill Partners launches specialty finance fund[more]

    Bailey McCann, Opalesque New York: Asset-backed lending is starting to heat up again after a prolonged credit squeeze. The Financial Times reports that a record £18.9bn was borrowed from asset-based lenders in the three months to the end of June. Much of this lending is driven by advanc