ECJ upholds short selling ban

[JURIST] The European Court of Justice [official website] on Wednesday dismissed a lawsuit contesting an EU regulation [text, PDF] that bans some short selling practices to increase financial market stability. The regulations were enacted to increase the transparency of short positions held by investors in certain EU securities, reduce settlement risks, ensure member states can intervene to reduce risks arising from short selling and credit default swaps, and ensure coordination between member states and the European Securities Markets Authority (ESMA)...

Source: http://jurist.org/paperchase/2014/01/jurist-the-european-court-of.php

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