Under a new rule proposed by the SEC, some investors would be required to report their short sale-related activity to the SEC on a monthly basis, allowing the commission to make detailed short-selling data available to the public for the first time.
Gary Gensler has been circling short-sellers for months, and now the Securities and Exchange Commission chief is looking to make a big move.
Since taking the reins at SEC, Gensler has made market transparency a key goal, and short-selling has been a major area of discussion, including after the wild short squeeze that took hold in January 2021 on meme stocks like GameStop GME, -4.82% and AMC Entertainment AMC, -0.11%. Under current rules, firms are required to report short interest data to the Financial Industry Regulatory Authority twice a month. Critics have said the quality and frequency of that data isn’t highly useful.While the changes to previously proposed SEC rules have been common, as written Rule 13f-2, would only apply to institutional investment managers that hold “a short position of at least $10 million or the equivalent of 2.
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