Thu, Nov 12, 2026
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund managers, investors will have 60 days to comment publicly about the U.S. SEC`s 5 proposed options to regulate and restrict short sales

Thursday, April 09, 2009

From Kirsten Bischoff, Opalesque New York:

After voting unanimously on Wednesday to move forward the process of evaluating the short sale price restrictions, the SEC opened up a 60-day period during which it will accept public comment on the proposed restrictions. “I would encourage anyone and everyone who ha a stake in these proposals and in this area to make their view point known to the SEC,” Mitchell Nichter, partner in the Investment Management Practice at international law firm Paul Hastings told Opalesque.

A statement released by the SEC said, “The Commission decided to re-evaluate the [equity short selling] issue due to extreme market conditions and the resulting deterioration in investor confidence.” However, there is worry within the finance industry that any possible future restrictions on short selling equities will be a knee jerk measure to appease investors upset about the current financial crisis.

"In the end, I think the uptick rule is a placebo for politicians who don't understand the deeper issues and want to say they've done something without sorting out the underlying problems of corporate malfeasance and poor management," Bradley Golding, Managing Director at Christofferson, Robb & Co told Reuters on Wednesday (Source).

The SEC is working to determine which of five possible short sale restrictions i......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: DACH institutions push alternatives to 32.3% of portfolios as hedge funds make a comeback[more]

    Matthias Knab, Opalesque for New Managers: Institutional investors in Germany, Austria and Switzerland now hold almost a third of their portfolios in alternative investments, and they are more confident than ever in

  2. KRX chief courts CalPERS for bigger bet on Korea[more]

    Korea Exchange Chairman and CEO Jeong Eun-bo held talks with California Public Employees' Retirement System, or CalPERS, to promote greater investment in South Korea's capital markets, the bourse operator announced Wednesday. Jeong met with CalPERS Chief Investment Officer Stephen Gilmore.

  3. 755 Unicorns, $8 Trillion: Fifth Era maps the autonomous digital economy[more]

    Matthias Knab, Opalesque for New Managers: Fifth Era Partners, a specialized asset manager focused on the convergence of Internet, AI/Agentic and Blockchain technologies, has released the findings of its 13th Bia

  4. Opalesque Exclusive: "Enough beta plays" - how Fasanara builds an alpha-only multi-strategy platform[more]

    Matthias Knab, Opalesque for New Managers: Most multi-strategy funds promise diversification. Fewer can explain why their return streams should stay independent when markets turn. In an Opalesque SkillsLab investor

  5. Opalesque Exclusive: Governance, Scale, and Boutique Resilience in a Consolidating Hedge Fund Industry[more]

    Matthias Knab, Opalesque for New Managers: The hedge fund industry has undergone significant consolidation in recent years, with capital increasingly concentrated among large multi-strategy platforms. Yet boutique m