Submitted on Friday 12th August 2011
Published on Monday 22nd August 2011
Current status: Closed
Closed: Wednesday 22nd August 2012
Signatures: 12
To introduce a PERMANENT stockmarket BAN on insitutions trading "shorts" on the stock exchange
Some people might already be aware that there is presently a short-term ban (15 days) on trading "shorts" because of the present stock market volatility.
A "short" is where a stockmarket trader, bets that a companies shares (that they don't even actually own) will reduce in value, and makes a deal to buy those shares, at a future agreed date, at an expected lower price and to profit from that companies loss in share value.
The effect that this has is to flood the market with this companies shares, presents a picture of "low confidence" in those shares, and encourages other shareholders to also sell - thus creating a spiralling loss of confidence in that company and an artificial loss in value.
We should introduce a rule or some sort of very simple regulation that simply states that "you can only trade shares that you own" - blocking these stupid bankers, traders and hedge funds from betting against markets and creating even more stockmarket chaos than they already have!
You can't sign this petition because it is now closed. But you can still comment on it here at Repetition.me!
18.222.240.21 Sun, 05 May 2024 10:01:53 +0100
