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Sorrento: Near-Term Developments Could Catapult Shares Higher

Reuters

Wall Street body proposes new rules on short positions, stock loans

The Financial Industry Regulatory Authority (FINRA), Wall Street’s self-regulatory body, has proposed changes to its short-interest reporting requirements in a bid to make information more useful. The changes would also require clearing firms to report to FINRA certain information on the stock loans that facilitate short bets “for regulatory purposes, but with an eye toward eventual public dissemination,” amid other changes, said the watchdog. “These potential changes could improve the usefulness of short sale-related information to FINRA, other regulators, investors and other market participants,” FINRA said.

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