Consumer Law

Short Selling Bill introduced
The Corporations Amendment (Short Selling) Bill 2008 has been introduced into Parliament to better regulate the use of short selling in the Australian financial market. The Bill prohibits "naked" short selling, where the seller has not bought the shares they...

Short selling ban update
ASIC has updated the position relating to short selling: 1. In relation to covered short selling of financial stocks, the position remains as set out in ASIC?s advisory AD08-210 of 13 November 2008, that the ban will remain in place...

Short-selling new rules are under review
Gordon Brown has said there will be new rules governing the practice of short-selling in four months' time, when the temporary ban imposed last week by the Financial Services Authority (FSA) on short-selling financial stocks expires.

SEC Adopts Four Rules on Short-Selling
The SEC adopted four rules dealing with short-selling that go into effect October 17. It adopted an interim final temporary rule to address abusive ?naked? short selling in all equity securities by requiring that participants of a clearing agency registered...

The Short Life of the Short-Selling Ban
With the bailout bill now signed by the President, the temporary ban on short-selling will now end on Wednesday, October...

RiskMetrics Group Study Identifies Disclosure Improvements for Hong Kong Short Selling RegulationSubmitted by: Sarah Cohn, Communications
RiskMetrics just released a new study, The Long and Short of It: Improving Short Selling Disclosure in the Hong Kong Special Administrative Region, examining short selling disclosure in Hong Kong...

Short-Sellers, John McCain and Chair Cox
Everyone's blaming the short sellers. Yesterday the SEC announced emergency rules to curb short-selling abuses, and today the Wall St. Journal reports that New York Attorney General Andrew Cuomo has undertaken an investigation into short selling of the stock of...

SEC Extends Ban on Short-Selling
The SEC issued the following statement extending its ban on short selling in stocks of financial institutions: The Commission has taken steps during recent weeks to address concerns regarding short sales in light of the ongoing credit crisis...

Evergreen
Wachovia, Settle Securities Allegations over Ultra Short Opportunities Fund

Undetected Sewage Spill
Prichard Water Works and Sewer Board spends $17 million on upgrades and testing.

Technician Whistleblower
Jury orders DuPont Chambers Works to pay $1.224 million settlement to employee.

Security One
accused of selling faulty alarms

AT&T Mobility, Nokia
accused of selling a used cell phone as new

Petland
Faces Class Action for Selling Unhealthy Puppies