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Tuesday, October 3, 2023

Banking group asks SEC for probe after alleging abusive short-selling practices

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The trade group representing U.S. banks has asked the Securities and Exchange Commission to take action against what it calls market manipulation and abusive short-selling practices after the latest nosedive in the stock market.

The American Bankers Association letter to SEC Chair Gensler is dated Thursday, which saw another round of mass selling of regional banks.


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