NYSE Pleads for Rules to Make Hedge Funds Reveal Short Positions
- U.S. lags behind Europe where funds must publish their shorts
- The biggest hedge funds pay brokers to estimate short interest
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The New York Stock Exchange is prodding its regulator to make hedge funds reveal which stocks they’re shorting, an area where the U.S. lags far behind Europe.
NYSE wants the Securities and Exchange Commission to compel investors to identify the stocks they are betting will fall. The U.S. lacks such rules, leaving it behind the European Union, which obliges funds to publish short positions once they reach 0.5 percent of a company’s share capital.