NEWS
Paper Questions SEC Efforts to Make Short Selling More Difficult
University of North Carolina researchers Joseph E. Engelberg, Adam V. Reed, and Matthew C. Ringgenberg find that “the main source of short sellers’ advantage is in their ability to process publicly available information.” Their September 1, 2009 study shows that “short sellers are good at processing publicly available information.” The researchers “call into question the Securities and Exchange Commission’s recent efforts to eliminate short sellers’ supposed information-based manipulation strategies by making short selling more difficult.”
