Article: SEC Moves to Curb Short-Selling

Article - Media

SEC Moves to Curb Short-Selling

Kara Scannell and Jenny Strasburg

The Wall Street Journal, 16 July 2008

The Securities and Exchange Commission took unprecedented action against short sellers on Tuesday, acting on a widespread concern that negative bets against bank and brokerage stocks might be exacerbating the financial sector’s woes.

In a dramatic emergency order, the SEC said it would immediately move to curb improper short selling in the stocks of struggling mortgage giants Fannie Mae and Freddie Mac, as well as those of 17 financial firms, including Goldman Sachs Group Inc., Lehman Brothers Holdings Inc.,…

Paywall Access to Full Article

Article: ‘Not MY Stock’: The Latest Way To Fight Shorts

Article - Media

‘Not MY Stock’: The Latest Way To Fight Shorts

Kara Scannell

The Wall Street Journal, 2 August 2006

Some executives are reaching for an odd tactic in an expanding battle against short sellers, who profit when share prices fall.

The executives — at smaller companies that often don’t trade on big exchanges — are pushing shareholders to lock away their physical stock certificates so the short sellers can’t get their hands on the shares.

Paywall Access to Full Article