Although it’s not yet clear what impact the recent ban on short-selling has had, regulators are considering making changes
FSA completes 30-day review
Provisions also address failed trade activity
Short-sellers are being blamed for driving down shares of financial services stocks; managers say they’re being used as scapegoats
It was meant to restore confidence and shore up the markets. But its imposition has done everything but
The regulator has increased the surveillance of trading activity on Canadian equity marketplaces during the current market turmoil
The Alberta Securities Commission has extended an order temporarily prohibiting short sales of certain financial sector securities listed on the Toronto Stock Exchange. The extended order prohibits, with certain exceptions, short selling of common shares of certain financial sector issuers until 11:59 p.m., Oct. 8.On Sept. 18, the United States Securities and Exchange Commission temporarily […]
Ban to expire next week, at the same time the SEC’s ban also expires
It remains to be seen whether the CSA or other jurisdictions follow suit
Move follows similar actions taken by the U.S. Securities and Exchange Commission and Britain’s Financial Services Authority