Accentuating the caveat emptor perspective with critical commentary on financial disclosure. I adopt a skeptical persona and look for chinks in the teflon coating of financial disclosure. My job is to identify financial warts. Perhaps a Black Swan. Disclosure: I do not hold positions in stocks mentioned for three trading days before or after blog post.
Wednesday, April 26, 2006
Asensio Disagrees with SEC Chairman
Chairman Cox in testimony before Senate Banking Committee seems to have shown his hand in favor of regulations requiring short sellers to delver the underlying security. Chairman Cox maintains that it would assist in maintaining orderly markets. Asensio disagrees and takes an opposing view arguing against the requirement to deliver underlying shares. Some will say this creates a "might is right bias" Reader comments please?