Tue, May 5, 2015
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. SEC charges funds of hedge funds Alpha Titans, executives, and auditor for improper expense allocations[more]

    Update: Please note the important updated information at the end of the article.The Securities and Exchange Commission today announced charges against a Santa Barbara, Calif.-based hedge fund advisory firm and two executives involved in improper allocations of fund assets to pay undisclose

  2. Swiss group Pictet releases first public annual and financial reports[more]

    Benedicte Gravrand, Opalesque Geneva: Pictet Group, a Swiss private bank, has just released its first public annual report and financial report since it opened for business in Geneva in 1805. I

  3. Opalesque Exclusive: Carne establishes non-EU ManCo in Jersey[more]

    Benedicte Gravrand, Opalesque Geneva: For those managers who will not domicile their fund in the European Union (EU) and yet want to distribute it in the EU – especially the UK –, going under the wing of an AIFMD-compliant ManCo on the Channel Islands could be one of the ways to do it. Ch

  4. Opalesque TV: Aequam Capital: Asset management industry will be mainly quantitative going forward[more]

    Benedicte Gravrand, Opalesque Geneva: Before starting his boutique in 2010, Arnaud Chretien, co-founder and CIO of Aequam Capital, worked ten years as a market trader and 18 years as a quantitative and systematic fund manager for Soc

  5. Class-action lawsuit accuse hedge fund Standard General of holding American Apparel hostage[more]

    Komfie Manalo, Opalesque Asia: A shareholder class-action suit filed on Wednesday accused New York-based hedge fund Standard General of holding American Apparel hostage. It would reportedly reap huge benefits if the clothing company declared bankruptcy. Standard General is the controlling sto

 

banner