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Vital Signs: ASIC's crusade against activist short sellers will be bad for regular folk

By Richard Holden, Professor of Economics, UNSW
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The Australian Securities & Investment Commission issued an information sheet this week regarding so-called “activist short selling”.

The document outlines a number of “better practices” it wants short sellers to adhere to, and some “actions that we may take” if they don’t.

Translation: “Hey hedge-fund folks, do this stuff or we’ll make life difficult for you.”

The problem is not that the corporate regulator can’t do so.…

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