TY  - JOUR
AB  - Over the past few years, regulators, issuers, investors, and other market participants have expressed increasing concerns regarding the real or perceived effects of short selling. For example, thinly‐capitalized issuers whose shares trade on the over‐the‐counter market often blame short sellers for declines in the prices of their stocks. Recently, these issuers’ ire has focused on so‐called “naked short sellers,” i.e. short sellers who do not locate or borrow shares before selling. Likewise, other market participants have expressed apprehension about conduct involving short sales that may be viewed as disruptive or manipulative. The Securities and Exchange Commission (SEC) and the self‐regulatory organizations (SROs) have addressed these concerns both by promulgating new regulations governing short sales and by pursing enforcement actions. This article summarizes the new short sales rules contained in Regulation SHO and the amendments to Regulation M, and discusses recent enforcement actions pertaining to short sales.
VL  - 5
IS  - 3
SN  - 1528-5812
DO  - 10.1108/15285810410636541
UR  - https://doi.org/10.1108/15285810410636541
AU  - Weiner Perrie M.
AU  - Totino Edward
AU  - Weber Robert D.
PY  - 2004
Y1  - 2004/01/01
TI  - Short sales: New rules and recent enforcement actions
T2  - Journal of Investment Compliance
PB  - Emerald Group Publishing Limited
SP  - 9
EP  - 14
Y2  - 2024/04/19
ER  -