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: Australian Regulatory Compliance ReviewASX Short Selling Consultation Paper
Following the Government's decision to remove the ambiguity in section 1020B of the Corporations Act around the disclosure of ???covered??? short sales, the ASX has released a public consultation paper (pdf) inviting comments on a range of initiatives the ASX might pursue within its Rules.
If amended, the Corporations Act will require shareholders to report to their broker all selling where borrowing and/or the purchase of securities takes place in order to meet settlement obligations.
Feedback is requested by Thursday, 24 April 2008.
Articles:
Terry McCrann "Short selling should be banned"
Bryan Frith "ASIC, ASX asleep at the wheel"
Stuart Washington, Opes Prime Anatomy of a Collapse
Full post as published by Australian Regulatory Compliance Review on April 06, 2008 (boomark / email).
Evergreen
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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
Sears
Class Action over Alleged Selling of Customer Information
Google
faces class action lawsuit for selling ads on parked domains

Short-selling new rules are under review
The last-minute surprise that is 'maintaining consumer confidence'
The Short Life of the Short-Selling Ban
Short-Sellers, John McCain and Chair Cox
SEC Extends Ban on Short-Selling









