Australian hedge fund players have come out swinging against the United States' efforts to curb short selling, arguing that hedge funds are being targeted as the scapegoat for falling markets.
The Australian, a newspaper, reported that local observers believe the Securities and Exchange Commission's decision was a "knee-jerk reaction" to financial volatility.
John Corr, investment manager at hedge fund Fortitude Capital, told the paper that the S.E.C. was attempting to regulate something that had been occurring for years.
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