AFM: no plans to ban naked short selling
The financial services sector regulator AFM has no plans to follow Germany and ban the risky form of share trading known as ‘naked short selling’, news agency Reuters reports.
Naked short selling is the practice of selling shares without owning them, borrowing them, or ensuring that they can be borrowed in the future.
The German ban will run until 31 March 2011 and covers trading covered by Bafin, the German regulator.
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