IOSCO calls for regulation of short selling

03/24/2009 | Reuters

The International Organization of Securities Commissions said some short-selling strategies create disorder in markets during turmoil and should be regulated. "We believe that short selling should operate in a well-structured regulatory framework in the interests of maintaining a fair, orderly and efficient market," said Martin Wheatley, chairman of the organization's short-selling task force and CEO of Hong Kong's Securities and Futures Commission.

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