ASIC defends actions on short selling

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AUSTRALIA - The Australian Securities and Investments Commission (ASIC) has defended its handling of the short selling ban in a speech given to the Australian Corporate Lawyers Association (ACLA).

In defence of ASIC's actions since August this year, Tony Aloisio, chairman, ASIC, said the sudden market downturn had had a significant impact on market confidence which forced it to take decisive...

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