12Aug11

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German regulator signals no wider short sale ban

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German regulator Bafin on Friday signaled it was not ready to broaden a existing ban on naked short selling to include all forms of short sales on Friday.

"We are montoring the situation closely but see no irregularities in the market at present," a spokeswoman for the German regulator said on Friday.

Short-selling is the process through which an investor borrows shares and sells them on the expectation their price will fall and they can be bought back at a lower price.

In a naked short sale, the investor has not even borrowed the share, but still bets on a drop in share price.

[Source: Reuters, Frankfurt, 12Aug11]

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This document has been published on 16Aug11 by the Equipo Nizkor and Derechos Human Rights. In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.