Shaky Markets Lead 4 EU States To Ban Short Sales

Law360, New York (August 11, 2011, 9:24 PM EDT) -- Amid growing market instability, France, Italy, Spain and Belgium implemented measures Thursday banning short sales and short positions, while the European Union's financial regulator investigated whether to take further action.

The European Securities and Markets Authority, which supervises EU market policy, said Thursday that it had been actively monitoring the financial markets in the past weeks and was exchanging information with individual countries' regulatory agencies. Regulators are especially keeping an eye out for those looking to make a quick buck by spreading false information, according to...
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