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October 1, 2008
IMD Professor of Finance Arturo Bris believes that that the emergency ban imposed last week by the Securities and Exchange Commission on short selling for all financial stocks has done more harm than good.
“Recent trades on the New York Stock Exchange have exacerbated fluctuations in the affected securities' prices and disrupted the functioning of fair, orderly equity markets. These are the very problems the ban was supposed to prevent, if not end,” stated Professor Bris.
Read Professor Bris’ insights in an Opinion Editorial for the Wall Street Journal.