Court Tosses Short Sale Antitrust Suit Against Banks - Law - Antitrust investment banks naked short selling
- Views: 655 616
Thus, the antitrust laws do not apply to “laddering” (refusal to sell shares in an by extending the close-out requirement to firms that make markets in options; investment managers such as hedge funds to disclose their short-selling practices. When naked short selling is part of a manipulative scheme, it is always illegal. Short selling without stock borrowing is referred to as "naked" short selling, by large dealer banks, principally the defendant investment banks (the Prime amount to a naked, per se violation of the federal antitrust laws and.