Does Short-selling Need the SEC's Oversight?
"There's really nothing illegal about it" is a phrase often heard in descriptions of the practice of shorting, or short-selling, which are essentially bets that a stock price will decline. But after some market watchers accused short-sellers of unfairly depressing the stock prices of several key financial institutions, the Securities and Exchange Commission imposed new rules. Wharton finance professors Marshall Blume and Franklin Allen suggest the impact will be minimal.
Channel: Education
Uploaded: November 30, 1999 at 12:00 am
Author: knowledgeatwharton
Length: 10:49
Rating: 5.00
Views: 1588
Tags: allen bear blume fanny franklin freddie knowledgeatwharton mac mae market marshall SEC selling short sterns stock
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