William L. Moore
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William L. Moore in Insider trading,

Are Short Sellers Really 'Icky And Un-American'?

Last week, NYSE president Tom Farley took a personal shot at short sellers when calling for new rules to require them to publicly reveal their positions. Short sellers profit when share prices fall, but they are not currently required to disclose their bearish bets, allowing them to operate mostly under-the-radar.

“It feels kind of icky and un-American, betting against a company,” Farley said this week.

Farley is not alone in his calls for more transparency. Nasdaq Inc  CEO Adena Friedman recently called for similar changes.

“The company should be aware of who holds the long and short positions,” Friedman said. Long investors are already required to publicly disclose their positions.