Precedent suggests Wirecard short ban will be extended
The European Union’s historical approach to short selling bans may have implications for troubled financial services firm Wirecard. According to analysis from Breakout Point, all identified short selling bans in the EU since 2014 have been extended.
The ban in shorts of Wirecard stock, implemented in February after media reports alleged accounting irregularities, is set to lapse or be renewed on April 18.“While each short selling ban was rather unique, it is somewhat indicative that, in all analysed cases, respective EU regulators renewed the bans once, or even multiple ...
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