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Joe Nocera

Short Sellers Do Good, So Leave Them Alone

Companies and stock exchanges want to make investors disclose short positions. Big mistake.
Somebody has to expose weak companies.

Somebody has to expose weak companies.

Photgrapher: Brendon Thorne/Bloomberg

Did you see Charlie Gasparino’s little scoop on Wednesday afternoon? You didn’t? Let me fill you in.

The senior correspondent for Fox Business reported that Nasdaq, the New York Stock Exchange and Herbalife Ltd. were teaming up to “curb the power of short sellers” by forcing them to disclose large positions, something that is not currently required.