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NYSE President Calls Short Sellers ‘Icky’

  • NYSE President Farley joins Nasdaq in calling for transparency
  • Rules require investors to disclose long positions, not shorts
Pedestrians are reflected in a puddle while passing in front of the New York Stock Exchange.
Photographer: Michael Nagle/Bloomberg
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The head of the New York Stock Exchange said short sellers should be forced to reveal more about what they’re doing.

“It feels kind of icky and un-American, betting against a company,” NYSE Group President Tom Farley told lawmakers in Washington Tuesday. He added that because short-selling can actually improve markets, public companies don’t necessarily want to ban it outright -- instead they want to see more stringent disclosure. “They say, ‘Let’s have a little more transparency,”’ said Farley, who runs the NYSE division of Intercontinental Exchange Inc.