Saturday, Jun 14, 2008
What's sauce for the goose is sauce for the gander.
Daily Telegraph: FSA's crack down on short selling is very strange indeed
The Financial Services Authorityhas, of course, had to make some sort of response to public disquiet on short selling but it knows full well that its hands are tied. Short selling is not illegal or even morally indefensible. Most of the time it is just the view of one person over another.
The US attempts to restrict short selling, to a certain degree, by insisting on quite high margin requirements, but the problem with creating this type of legislation is that you end up with much of your business disappearing to other financial centres.
The rather refined variation put forward by the FSA of trying to restrict short selling solely in the event of a 'rights issue' taking place seems very strange indeed.
Posted by dave spart @ 03:25 AM (120 views) Add Comment
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