New Regulatory Approaches to Short Selling in the U.S. and the EU
Program Number: 2040
Program Date: 05/05/2010
Description
Changes in the regulatory approach to the short selling of listed securities have recently been announced in both the United States ("U.S.") and the European Union ("EU"). In the U.S., rule amendments were recently adopted by the Securities and Exchange Commission that generally restrict market participants' ability to sell short listed securities whose price has dropped by at least 10% in a single day. In the EU, a new regulatory proposal would (to the extent adopted by the EU member states) require private disclosure of net short positions above a 0.2% threshold to the applicable regulator, and public disclosure to the market of such positions above a 0.5% threshold. Join Kay Gordon and Philip Morgan of K&L Gates LLP, who provide brief histories of regulatory developments in the area of short selling under both the EU and the U.S. regimes and summarize what the changes entail and what each will mean for market participants.
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Arizona, California, Colorado Eligible, Georgia, Missouri, New Jersey Eligible, New York, Texas Self Study
Credit Information
50 minute credit hour - 1 General CLE credit
60 minute credit hour - 1 General CLE credit
State Program Numbers
Program Categories
California Participatory MCLE Programs
Corporate and Commercial Law
Corporate and Securities Law
In-House Counsel
International Law
New York Accredited
Regulatory and Administrative Law
Securities & Investing
Presenters
 Kay A. Gordon, Esq. K&L Gates LLP |
Kay A. Gordon, Esq., a partner in the New York office of K&L Gates LLP, concentrates her work in the Investment Management practice, with a particular emphasis on hedge funds, private equity funds and compliance-related matters. She also advises clients on a broad range of securities and regulatory matters as well as a variety of financial instruments and transactions, including managed accounts, credit facilities, joint ventures and derivative instruments. A frequent speaker on investment management issues, Ms. Gordon also represents clients in investigations by the SEC. |
 Philip J. Morgan, Esq. K & L Gates, LLP |
Philip J. Morgan, Esq. is a partner in the London office of K&L Gates LLP, where he is a member of its Investment Management practice group. He has wide experience in all aspects of law and regulation in the UK financial services industry and he works closely with U.S. and other colleagues to provide international financial services regulatory advice. His practice also focuses on investment funds, particularly hedge funds, real estate funds, private equity funds and listed investment funds. Mr. Morgan frequently speaks and writes on financial services and other topics. |
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