Short-sellers and their targets get a warning
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Summary:
By Reuters Staff
(The author is a Reuters Breakingviews columnist. The opinions expressed are their own.)An investor is reflected in a window in front of a board displaying stock prices at the Australian Securities Exchange (ASX) in Sydney, Australia May 5, 2017. REUTERS/Steven Saphore
MELBOURNE (Reuters Breakingviews) - SHORT-SIGHTED. Aggressive short-sellers are being urged to restrain themselves Down Under. The Australian Securities and Investments Commission on Tuesday issued guidelines here for what it considers best practices. They include releasing reports outside trading hours, disclosing conflicts of interest and avoiding “overly emotive, intemperate or imprecise language.”
Many of the recommendations seem reasonable, and it’s encouraging that the regulator acknowledges the pric ...
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