Submitted on Tuesday 7th March 2023
Rejected on Monday 13th March 2023
Current status: Rejected
Rejection code: no-action (see below for details)
Ensure adequate rules & enforcement exists, to regulate Short Selling of stocks
1.Establish an independent oversight body dedicated to monitoring the financial services regulators’ activities to increase accountability.
2.Create a specialist parliamentary select committee focused on financial services regulation to provide an additional level of parliamentary scrutiny.
Market manipulation, by large financial institutions, has massive implications for businesses; often forcing them into bankruptcy with the associated harm to employees. The behaviour of these institutions, however, also has vast systemic financial implications.
Short Selling (SS) is a mechanism institutions use to make money at huge expense to others. Due to its current flagrant use, it now poses great systemic risk. Democratic oversight of the forthcoming revision of UK SS regulation is vital.
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The Government e-Petitions Team gave the following reason:
Petitions need to call on the Government or Parliament to take a specific action.
The title of your petition refers to rules and enforcement relating to short selling of stocks, but the requests set out in the main text of your petition are for the creation of two new bodies, and not any changes to rules regarding short selling of stocks, or enforcement of these. It's therefore not clear exactly what you want to happen.
You could start a new petition explaining clearly what you would like the Government or Parliament to do.
18.219.213.27 Sat, 18 May 2024 05:01:38 +0100
