Wall Street's top supervisor said the proposed changes would require investors to collect and submit certain short sale data to the SEC each month.
SEC Chairman Gary Gensler said that the new rules would apply to investors who hold a short position of at least $10 million or the equivalent of 2.5% or more of the total shares outstanding.
U.S. Securities and Exchange Commission Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Capitol Hill in Washington, September 14, 2021.The Securities and Exchange Commission said Friday that it's considering a new rule and changes to existing regulations that would force short sellers to make more frequent disclosures about their bets.
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