Summary
NEW YORK (Reuters) - The U.S. Securities and Exchange Commission is unlikely to join the European Union in imposing another ban on short-selling, SEC Chairman Mary Schapiro said on Thursday [Oct. 20].
"Never say never, but it is hard for me to imagine the SEC ever doing a ban on short-selling again," Ms. Schapiro said at a hedge fund industry conference. During the financial crisis in 2008, the SEC limited traders' abilities to bet that certain stocks would fall.See the full content of this document
Extract
Schapiro Doubts Sec Will Ban Short-Selling
Earlier this week, the European Union said it would regulate short-selling of stocks and bonds more ...
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