NEWS
Bloomberg: Short Sellers Do Work of Cops
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 they target for incompetence or cheating.”
She derides the Securities and Exchange Commission for their approval of new restrictions on short selling: “In a classic SEC farce, the agency has acknowledged the shorts’ important role in balancing the boundless swamp of financial hype by slapping new curbs on them on Feb. 24.”
