(VEF.VN) - Three days after the session passed the State Securities Commission of Document No. 3229

(VEF.VN) - Three days after the session passed the State Securities Commission of Document No. 3229 prohibiting short sales of securities, the market still nothing changes. Two floors have pivoted downward trend, making gloomy trading volume remains low to grieve. It seems redress estampa fina efforts and stimulate the stock has yet to regain investor enthusiasm. All are indifferent wait in sorrow heart. estampa fina
Lack of thorough, even unjust ban short sales are expected to SSC market stability, prevent price manipulation, especially weighed down prices, causing psychological fear for investors. Further, this letter estampa fina represents the strong arm of the agency to the objects manipulated estampa fina stock prices. Specifically, estampa fina the SEC said leaders will cooperate with the authorities to strictly handle organizations and individuals with violations of the law on securities and the stock market. In case of detecting violations sale signs stock control criminal, SSC will turn to the police for consideration of criminal prosecution. However, with the second floor down 2 in the last 3 sessions, including a session on Monday plummeted, plus the liquidity let flat at low levels showed positive effects from new measures to regulate the agencies Management is not as expected. Few days earlier, the SEC decided to shorten the payment estampa fina of about 9am on T +3 from 4/9 is also expected to improve liquidity and reduce risk for short-term estampa fina investors, because it is a technical improvements, better effect securities transactions for investors. However, in reality, a new breeze called estampa fina T +3 not create significant excitement and lasting for 2 floors.
There are many reasons justify indifference to the SEC's new policy decisions. First, despite the new policy tightening estampa fina spirit of the SSC does not help investors find reassuring. They have a sense of injustice still exists in the market and the damage is still working on small investors, relying less place. For example on T +3, the institutional investors and large investors estampa fina and employees of the Securities brokers are actually familiar with the transaction T +3, T +2 and sometimes. If talking about the all new T +0 fair alike, will no longer day to organize, shorten giants. For now, drawing on T +3, hitters can still rise due to T +2, even T +0. Injustice can happen in adopting policies banning short-selling. In 7.9 Dispatch date of SSC 3229, the agency requested fund management companies, securities companies not to sell or sale of securities to clients while not owning securities and securities lending for customers to sold.
However, with the agreement between the two parties estampa fina on the basis of faith as stated above, it is difficult to control. Therefore, the agency is hard to control short-selling form, by the trading system can not differentiate between orders placed at the request of the partner, not the account owner (if the conditions the transactions are valid).
Shorten time down payment instead of T +3 to T +0 fully withdrawn. Prohibition of short-selling new securities estampa fina apply immediately saw the door still wriggle. The lack of radical policies that the majority of investors still feel the fairness and transparency to the market is not yet thoroughly. Follow the voice market
Return to issue short selling, the SEC decided this time again not accurately respond to requests from the market. The SSC recommends investors not borrow and lend securities for sale due to the activities underlying estampa fina risks, estampa fina which may cause loss of his property and lead to disputes over property. Investors should not know where that risk, but why so east of them still wish to sell it?
In the United States have also implemented measures to ban short selling during the financial crisis of 2008, after Lehman Brothers filed for bankruptcy protection. However, this ban deadline, and was lifted shortly after the market overcome the shock, but not always estampa fina eliminate this form.
Most recently, Spain and Italy in the face of crisis and tension estampa fina market, managers often impose restrictions on short-selling status in order to prevent stock values plummeted not brake . This measure estampa fina also limits apply: Spain's ban takes effect within 3 months, and Italy in a week applies to the 29 bank stocks and insurance companies.
You do not, in fact, not guilty. It is a normal operation that the stock market will develop deployment. Who believe the stock market is always a bull market and the market fell. Who expect the moon is buying shares to the maximum possible, including having to borrow by way of pledge of shares (margin). Who believes the market to sell shares to the extent possible, estampa fina to sell all finished even longer estampa fina borrow stock to sell and then buy back cover.
Every decision, investors must be responsible for the same. They are aware of the risks when buying estampa fina or selling controlled escrow, RA