On July 15, the SEC issued emergency and temporary rule prohibiting naked short selling. The rule was designed to protect the welfare of 19 financial stocks particularly at risk from the naked shorting; the practice of placing a short stock order with no intention of actually borrowing the stock shares. In response to this new rule, some hedge fund managers have voiced concern that it will become harder and more expensive to execute legitimate short sales. Said Charles Jones, professor of finance at Columbia Business School, (the new rule) will definitely make it harder on the shorts. It could have an effect on liquidity.
ILG Ranked #2 Globally for 2021-22 Hedge Fund Launches
ILG is pleased to be ranked the #2 law firm globally for hedge fund launches serviced over 2021 and H1 2022, cementing our place among the top global hedge fund law practices.
2021 Year In Review — Financial Markets and Hedge Funds — And a Look Ahead at 2022
2021 Year In Review — Financial Markets and Hedge Funds — And a Look Ahead at 2022 Closing the books on 2021, investors are reconsidering their investment portfolios in light…
Investment Law Group Announces Addition of Bill Winter to Firm’s Corporate Practice Group
ILG is pleased to announce the addition of Bill Winter to expand the firm’s growing Corporate Practice Group.