NEWS
Former SEC Director Says Short Sale Rule ‘Has Taken a Political Character’
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 harmful effects of short-selling, according to Sirri.
