Short seller blasts FCA for disclosure rules shakeup

The Financial Conduct Authority (FCA) in the UK is removing rules that require short sellers to disclose their identities when they take significant positions against companies. This change is part of an initiative by the FCA to stimulate economic growth. Previously, short sellers holding more than 0.5% of a company's shares were publicly identified on the FCA's website. Fraser Perring, a prominent short seller known for his successful bets against Wirecard and Home REIT, has strongly criticized this move. He argues that while it might protect short sellers from potential retaliation, it also creates an environment where companies can easily spread false narratives and conspiracy theories about their critics. Perring believes this shields companies from accountability, allowing... download the app to read more