Law Firm Wachtell Urges SEC To Be More Aggressive In Attacking Rumors

July 21, 2008 Wachtell, Lipton, Rosen & Katz has urged the Securities and Exchange Commission to conduct a 45-day study of the extent to which "abusive and manipulative short-selling and spreading of false rumors is taking place."

The law firm also called for the SEC to adopt rules as appropriate in response to its findings, and to bring enforcement actions against wrongdoers.

comments powered by Disqus