14
Jul/090
Jul/090
New Bill to stop Shares Short Selling
The Short Selling and Bank Accounts Bill is being brought to the commons for debate in June, and is hoped will stop short selling and under hand tactics by lenders. Those who sell shares in a bid to later buy them back at a cut price will hopefully be banned if the bill is brought in. Ministers who are backing the bill say that short selling is an immoral practice, and if the bill is brought in it will require banks to offer retail customers current and savings accounts free of charge for holding the accounts when they are in credit.
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