Article: Short-sellers need more transparency, says former SEC commissioner

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Short-sellers need more transparency, says former SEC commissioner

Ben Ashwell, Corporate Secretary, 26 June 2020

Robert Jackson discusses short-selling, fraud and the role of the commission

Former SEC commissioner Robert Jackson says he is troubled by the ‘increasing evidence of manipulation through short-selling’, and calls on his former colleagues at the SEC to consider a proposal for greater transparency for short-sellers.

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Article: Judge Rejects Settlement Over Merrill Bonuses

Article - Media

Judge Rejects Settlement Over Merrill Bonuses

Zachary Kouwe

New York Times, 14 September 2009

As President Obama traveled to Wall Street on Monday and chided bankers for their recklessness, across town a federal judge issued a far sharper rebuke, not just for some of the financiers but for their regulators in Washington as well.

Giving voice to the anger and frustration of many ordinary Americans, Judge Jed S. Rakoff issued a scathing ruling on one of the watershed moments of the financial crisis: the star-crossed takeover of Merrill Lynch by the now-struggling Bank of America.

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Article: SEC reins in ‘naked’ short selling, will check recent trades

Article - Media

SEC reins in ‘naked’ short selling, will check recent trades

Adam Shell

abc, 18 September 2008

Reacting to concerns that many financial stocks were losing value at an alarming rate due to aggressive bets by short sellers who profit when prices fall, federal regulators on Wednesday acted to stem the abusive practice known as “naked short selling.”

In an ordinary short sale, a short seller borrows stock and sells it, with the hope of buying it back later at a lower price to replace the borrowed shares.

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