Date published: 2008/09/18
The BBC says:
The City regulator has announced restrictions on short-selling, whereby traders bet on share prices falling, in a bid to tackle market instability.
The Financial Services Authority (FSA) is clamping down on the practice that some believe contributed to the sharp falls in HBOS shares in recent days.
...
The restrictions, which will be in force until 16 January 2009, will be reviewed after 30 days.
...
The US financial regulator, the Securities and Exchange Commission (SEC), also announced restrictions on short-selling on Wednesday.
A rather pathetic attempt by the authorities to find a scapegoat for the current financial mess that the politicians allowed financial institutions to get into. In the UK case, it would not be surprising if Gordon Brown had a few words with the FSA to encourage them to announce this policy.
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