We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Chamber Seeks Tougher Naked Short-Selling Rules

Law360 (September 14, 2007, 12:00 AM EDT) -- The U.S. Chamber of Commerce has called on federal securities regulators to take extra measures to crack down on improper naked short-selling practices.

The chamber, which represents more than 3 million businesses and organizations, sent a letter to the U.S. Securities and Exchange Commission on Thursday that said fraudulent naked short sales continue to pose significant problems for small and mid-sized firms and their shareholders.

While the chamber hailed the SEC for its efforts to rein in the improper selling, it recommended that more needed to...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.