NEWS
Erik Sirri, former director of the Securities and Exchange Commission’s Division of Trading and Markets, told Tom Steinert-Threlkeld, a reporter with Securities Industry News, (March 29, “Short Sale Rule ‘Has Taken a Political Character”) that new short selling rules were designed “to be politically responsive.”
The new restrictions were not proposed because of evidence of [...]
Mark Hulbert, in his New York Times column (March 26), reports on a recent study showing that the average short-seller has done well through astute research and analysis, not market manipulation.
The study is titled “How Are Shorts Informed? Short Sellers, News and Information Processing.” Its authors are Joseph E. Engelberg and Adam V. Reed, [...]
Bloomberg columnist Jonathan Weil (March 24, “John Mack’s Short Story was Too Dumb to Fail”) notes how claims blaming short sellers for falls in financial institutions’ stocks have yet to be proven.
He writes: “It’s been 554 days since Morgan Stanley Chairman John Mack sent his infamous Sept. 17, 2008, memo to employees, saying that [...]
A report by the inspector general of the Securities and Exchange Commission shows how Allied Capital persuaded the regulator’s staff to investigate David Einhorn for his statements that the company had overvalued its holdings.
As the Washington Post reports (March 23, “SEC inspector general raises red flags in new report”): “Without any specific evidence of [...]
In her Bloomberg column (March 24), Susan Antilla writes that: “Short sellers who place bets on stocks that they expect to fall are another important contributor to keeping markets honest, yet regulators and whiny corporate executives often think the wise way to deal with shorts is to investigate them — not the public companies [...]
read more >http://abcnews.go.com/Business/wireStory?id=10148931
AP Columnist Rachel Beck writes (March 19):
Remember when everybody blamed short sellers for the demise of Lehman Brothers?
Short sellers were immoral. Their greed brought capitalism to its knees. What they were doing was downright un-American.
Well, a new 2,209-page report goes into excruciating detail about the collapse of the Wall Street firm that helped [...]
