FSA warns investors about breaking short-selling ban

09/25/2008 | Times (London) (subscription required), The

After a number of late disclosures on short positions by U.K. hedge funds, the Financial Services Authority threatened unlimited fines for those who do not comply with the latest short-selling rules. Prime Minister Gordon Brown vowed to establish permanent short-selling rules to curb the practice. Disclosures about hedge funds' short positions highlighted managers' negative outlook on U.K. financial institutions.

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