Banking group asks SEC to stop short-seller attacks on the industry

📆 05/05/2023 21:46:00
📰 BusinessInsider

⏱ Reading Time:
16 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 51%

Brasil Notícia Notícia

Banks ask SEC to stop short-seller attacks on their stocks driven by social-media speculation

"Since the two bank failures in March, some of our members have experienced significant short sales of their publicly traded equity securities that do not appear to reflect the issuers' financial status or general industry conditions," ABA's CEO Rob Nichols wrote.

betting against PacWest, Western Alliance and First Horizon, according to ORTEX data reported by Reuters. Each of the banks' shares fell around 40% on the day. "ABA is, however, unalterably opposed to short selling practices that distort the markets through manipulation and abuse," he said.

Escrever Comentário

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Wachtell Lipton asks SEC to crack down on short selling of bank stocksA new sign of panic in the US banking industry: Law firm Wachtell Lipton calls on SEC to crack down on short selling of bank stocks.
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »