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Sign the Petition:
Ban the Predatory Short Selling of Financial Securities

Recently, we have seen billions of dollars wiped from global and Australian equities markets in part due to the practice of Short Selling. This predatory trading technique is often executed in conjunction with algorithmic "bot trading" and has lead to the destruction of the hard earned savings of everyday investors, self managed super funds and retirees.

In particular, the big four banks (ANZ, CBA, NAB, WBC) have had their shares savaged by offshore short sellers which has impacted the large amount of Australian investors currently holding these companies.  

During the Global Financial Crisis (GFC), we saw regulations introduced to ban the short selling of financial stocks to add stability to the financial system. Once the market stabilised and confidence returned we saw these short selling bans removed.  

We now see ourselves entering a similar period of uncertainty where international hedge funds are targeting Australian financial stocks to gain exposure to the overall Australian market. We now believe it is reasonable to reinstate these bans on short selling in the financial sector as a measure to add financial stability to the market.

Sign the petition today and help us reach our goal of 50,000 Signatures!

Enter your details in the form below to sign the petition to ban the predatory short selling of securities now!

 

During this volatile time, we believe that this counter-productive trading activity should be banned to protect everyday Australian investors who rely on the stock market to build their wealth and fund their retirement. 

We are calling on all investors to join us in signing our Petition to Ban the Predatory Short Selling of Financial Securities, which we will present to the Australian Securities Exchange (ASX). We have found the ASX to be proactive and fast acting and believe they are the ideal organisation to present our petition signatures to. 

Our proposed short sell ban would be structured as follows:

  • An immediate ban on the short selling of stocks in the Financial Sector;
  • The unwinding of existing short sell positions on such stock; and,
  • Careful monitoring of the market to assess if further intervention is warranted.  

Our goal is to protect mum and dad investors, retirees and self managed super funds from having their wealth erased and their quality of life reduced by this hostile trading method. 

We ask that you share this petition with your friends and family who would like to have their voices heard. For more information, please call us on 1300 720 292 or email us at invest@australianstockreport.com.au.

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