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Article: US drops curbs on short selling.
- Article from:
- The Evening Standard (London, England)
- Article date:
- August 11, 2008
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Copyright informationCOPYRIGHT 2008 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: BILL CONDIE
RESTRICTIONS on short selling of financial stocks in the US are to be lifted this week with evidence mounting that the measures failed.
Securities and Exchange Commission chairman Christopher Cox brought in the new rules on 15 July, saying it would stop unlawful manipulation of stock prices.
Similar measures were introduced by the Financial Services Authority in Britain amid fears investors were shorting banking stocks ahead of key rights issues.
The ...
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