Brits Mull Permanent Short Ban

Sep 24 2008 | 12:55pm ET

British Prime Minister Gordon Brown has bad news for the hedge fund industry: His country’s ban on short-selling might not be so temporary after all.

Speaking on BBC Radio 4, the embattled premier said he expects “new rules for the future” when the current restrictions, which went into effect yesterday and include a ban on shorting certain financials and new disclosure requirements, expire in four months.

“Short-selling is something that has existed in the markets for years, but when groups of people are exploiting a difficult economic situation, it is right to stop the short-selling,” he said.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of