22.09.2008 Regulatory - Opalesque Exclusive: Swiss Federal Banking Commission (SFBC) emphasized that naked short sales are not permitted, Cedar hedge fund backs ban as temporary `circuit breaker`, UK FSA seeks Bradford & Bingley `white knights`, SEC will want hedge fund oath in manipulation probe, U.S. SEC to make public some short positions, Dubai attacks market abuse
Opalesque Exclusive: Swiss Federal Banking Commission (SFBC) emphasized that naked short sales are not permitted In consideration of the current financial environment, the Swiss Federal Banking Commission (SFBC) points out that naked short sales are not permitted and are not compatible with the requirements of the SFBC-Code of Conduct for Securities Markets, in particular when used to distort or
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