the SEC should promptly make public the results of their examinations of the short selling activities and take immediate enforcement action against those who are engaging in this abusive manipulative conduct.
the SEC should use its emergency powers to halt short selling in the securities of financial services firms and banks for a 90-day period. (the SEC) should require hedge funds and other institutional investors to publicly report their daily short positions if those positions exceed ¼ of 1% of the outstanding shares of a public company and should also disclose publicly whether the short sellers have any oral or written contract, arrangement, understanding or relationship (legal or otherwise) with respect to those securities. short sellers also should be required to report to the SEC on a next-day basis if they fail to deliver securities by settlement date a critical next step is for the Federal Reserve Board, the Treasury Department, the SEC and the CFTC to undertake on an urgent basis a 30-day comprehensive review of the credit default swap market
the (SEC's) actions are too little too late the SEC must act now
It has been publicly reported that California Public Employees’ Retirement System (CalPERS), the asset management division of Bank of America, and the New York and New Jersey state pension funds have stopped lending shares of certain financial companies to short sellers.
