Europe plans ban on naked short selling

Article reports that the European Parliament’s Economic and Monetary Affairs Committee voted May 2010 to propose a total ban on naked short selling – the process of selling a financial instrument that is neither owned nor borrowed by the vendor – as part of the Alternative Investment Fund Manager directive.

ESO: Background information: Fund managers wary of EU vote http://www.europeansources.info/record/fund-managers-wary-of-eu-vote/

ESO: Background information: Berlin makes shock move without allies http://www.europeansources.info/record/berlin-makes-shock-move-without-allies/

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