Canadian regulators reviewing whether to ban short-selling of stocks

Posted by: mark555 on September 19, 2008 01:09PM

Fri Sep 19, 11:56 AM
The Canadian Press

By The Canadian Press

MONTREAL - Canadian regulators are reviewing whether to ban short-selling of stocks in light of similar moves in other countries to calm the current financial crisis.

The head of Quebec's provincial stock market regulator says a decision will be made relatively quickly by Canadian regulators, but declined to provide a time frame.

The United States and United Kingdom have already decided to suspend short selling of financial stocks, which have lost much of their value recently,

Short-selling is a form of trading that makes money for an investor when a stock's price goes down, rather than up.

Quebec's Jean St-Gelais said Friday at a financial markets conference in Montreal that regulators in this country are first attempting to determine if there is a problem with short-selling in Canada.

He noted that some of the things that have been occurring in the United States are banned in Canada.

http://ca.news.finance.yahoo.com/s/1...