The short selling regulation of 2005 (regulation SHO), and its more restrictive version of 2008, was put in place to … curb potentially manipulative naked short selling. However, this regulation has been criticized in the literature for … reducing market quality. Contrary to other findings, I show that this regulation deters uninformed traders, and improves the …

that the regulation change does not have a consistent impact on various price efficiency measures. Second, lifting short … marginally been reduced following the regulation change …

Regulating short selling is difficult and controversial. We review the academic literature on short selling regulation … and provide insights for future policymakers and academics. We organize the complex history of short selling regulation … literature associated with each regulation, including a discussion of the data sources employed. In so doing, we provide several …

of overly aggressive U.S. regulation. Regulatory arbitrage occurs as both U.S. and non-U.S. persons attempt to structure …-the-counter derivative regulation. Many of the Dodd-Frank statutes and proposed rules go well beyond the relatively modest objectives agreed … to by the G20 countries in 2009. These efforts in the U.S. create a legal environment ripe for regulatory arbitrage and …