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.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...