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US markets watchdog head says SEC should not ban short-selling of shares

The statement, by SEC chairman Jay Clayton, comes after other countries, including Spain, Italy and South Korea, have moved to curtail short-sellers, who borrow shares and then sell them, betting their price will fall before the short-sellers buy back the shares and return them, pocketing the difference.

[WASHINGTON] The head of the US Securities and Exchange Commission said on Monday that it should not ban short-selling of shares, amid speculation on further measures the agency might take to arrest a market rout that stems from fears the coronavirus will spark a global recession.


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