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
Action taken to protect investors and markets
The Managed Funds Association (MFA), the voice of the global alternative investment industry, is criticizing regulators’ efforts to curb short selling as a way to shore up financial markets.Richard Baker, president and CEO of the MFA, stated “MFA is concerned about the instability that is shaking the nation’s financial system. This crisis is the result […]
FSA banks shorting financial stocks
Rules now apply to securities of all public companies
Temporary order continues prohibition covering 19 financial stocks until Aug. 12
Emergency order prevents “naked: short selling in the securities of Fannie Mae and Freddie Mac
Rights issue process provides greater scope for what might amount to market abuse, UK regulator says
Rumor sparked heavy trading in Alliance Data Systems