"These measures include, at a minimum, a clear message and
appropriate enforcement actions against market manipulation and
other abusive short selling practices."
(Reporting by Andrea Shalal
Editing by Shri Navaratnam)
WASHINGTON, May 4 (Reuters) - The American Bankers
Association on Thursday urged the U.S. Securities and Exchange
Commission (SEC) to investigate a spate of significant short
sales of publicly traded equities that it said were
"disconnected from the underlying financial realities."
In a letter to SEC Chair Gary Gensler, the lobby group said
it had also observed "extensive social media engagement" about
the health of various banks that was out of step with general
industry conditions.
"We urge the SEC to consider all its existing tools and to
take measures to reduce the avenues for abusive trading
practices and restore investor confidence," it said.
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