New moves to curb short-selling in some countries have set the stage for a renewed battle between free market advocates and authorities aiming to check investors they see as profiteers who destabilize major companies.
Turkey’s regulator banned short-selling of seven domestic banks last month after U.S. prosecutors charged state lender Halkbank (HALKB.IS) with Iranian sanctions violations.
South Korea is considering restrictions while European authorities are investigating short-sellers over alleged market manipulation – part of a nascent trend that Carson Block, founder of U.S. short-seller Muddy Waters Capital LLC, decried to Reuters as a “global war against truth.”
The full article is available at https://www.reuters.com/article/us-global-markets-shortbans-analysis/return-of-short-selling-bans-market-protection-or-war-against-truth-idUSKBN1XT1L3