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Article: Hedge funds alone in fight against short-selling curb; SEC expected to shore up protective measure.(News)
- Article from:
- Investment News
- Article date:
- August 11, 2008
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Copyright informationCOPYRIGHT 2008 Crain Communications, Inc. 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: Sara Hansard
The hedge fund industry faces growing opposition to its efforts to hold back restrictions on naked short selling.
Among the 300 investor comments filed over the past month with the Securities and Exchange Commission about naked short selling, most voiced opposition to the abusive version of it.
Adding to the cry against naked short selling is a new proposal that the SEC is slated to release this week protecting publicly traded companies from abusive naked short selling.
What's more, South Dakota voters will decide in November whether to approve an initiative that the state's securities director says would ban all short selling. The group ...
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