SIFMA: Short Selling Discussions Will Receive Constructive Industry Input

The Securities Industry and Financial Markets Association (SIFMA) today pledged to provide meaningful and constructive input to the Securities and Exchange Commission’s (SEC) request for comment on potential short sale price test restrictions.

“The SEC today made clear it will take a thoughtful, flexible and open-minded approach to safeguarding markets and investors from potentially abusive short selling practices. The industry looks forward to providing the Commission with constructive input on the different price tests and concepts offered, and perhaps even providing additional ideas. We agree that protecting investors and markets is crucial, and if the Commission determines new rules are necessary, those new regulations should be designed to suit today’s markets,” said Tim Ryan, president and CEO, of SIFMA.