Banking crisis: Regulators look to curb naked ambition of the short sellers
Simon Bowers
The Guardian, 17 September 2008
Short sellers in New York and London are facing tough new regulations as market officials attempt to curb what they see as “abusive” attacks on the proper functioning of stock markets — particularly the pricing of banking and financial stocks.
The US Securities and Exchange Commission will tomorrow impose new rules designed to end “price manipulating” through aggressive short selling. Earlier this week the chancellor, Alistair Darling, signalled the Financial Services Authority was also looking at closer policing of certain short-selling activities.
