Nazareth and Short Selling Reform.(Annette Nazareth, director of the division of the SEC's Division Market Regulation)(Brief Article)

Traders, June, 2002 by Bresiger, Gregory

Once again, because of the recent tur moil in the markets, there is a renewed call to ban or change short selling. Annette Nazareth, director of the division of the SEC's Division Market Regulation, told the STA congressional conference in Washington in May. She said that, since the events of Sept. 11 some investors, angry about losses, are demanding that the practice being restricted or banned altogether.

"I don't know if you know this," she told the audience of traders, "but there actually was a fair amount of lobbying on Capitol Hill to get Congress to ban short selling."

She noted that there are also professionals who want the opposite: They believe that any impediments to short selling should be ended.

No Impediments

Noting that...

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