#15 The Short Seller
Behind the Balance Sheet
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The Unintended Consequences of the Short Sale Disclosure
It's funny, isn't it? Let's call a spade a spade. When they promulgated this, well, it's really part of the law that's mislabeled the regulation, market abuse regulation. But when they say they want these short sale disclosures to be public, they weren't actually trying to increase or improve transparency around short selling. They were just trying to make it more difficult to sell short and they were giving companies an ability to discriminate against those who are short the stock by shutting them out of information flow once they're publicly disclosed. So I don't believe that for a second.
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