Short-Selling And Rumor Mongering Banned In Belgium, France, Italy, And Spain.

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    • Abstract:
      The article discusses the ban on short-selling in Belgium, France, Italy and Spain that led to a rally in French financial stocks. The European Securities and Markets Authority (ESMA) also prohibited people from circulating false signals about financial instruments. The ban is in response to increased pressure on European markets where rumors of insolvency sparked sell-offs in Italy and France. It indicates that ESMA's decision to prohibit short selling comes amid massive volatility in Europe.