Germany’s ban on betting against payments company Wirecard reopens a battle over when such prohibitions are appropriate
An unusual ban on bets against the shares in one of Europe’s most valuable financial-technology companies is due to be lifted in April, reopening a battle between investors and regulators over when curbing short sellers is appropriate.
German regulators banned investors in February from shorting shares in Wirecard, which has been a darling of the German market as its stock price soared in recent years. Its market value peaked at €28 billion last August, briefly overtaking Germany’s two largest banks, Deutsche...
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