This petition was submitted during the 2019-2024 parliament
Rejected petition Ensure adequate rules & enforcement exists, to regulate Short Selling of stocks
1.Establish an independent oversight body dedicated to monitoring the financial services regulators’ activities to increase accountability.
2.Create a specialist parliamentary select committee focused on financial services regulation to provide an additional level of parliamentary scrutiny.
More details
Market manipulation, by large financial institutions, has massive implications for businesses; often forcing them into bankruptcy with the associated harm to employees. The behaviour of these institutions, however, also has vast systemic financial implications.
Short Selling (SS) is a mechanism institutions use to make money at huge expense to others. Due to its current flagrant use, it now poses great systemic risk. Democratic oversight of the forthcoming revision of UK SS regulation is vital.
This petition was rejected
Why was this petition rejected?
It’s not clear what the petition is asking the UK Government or Parliament to do.
Petitions need to call on the Government or Parliament to take a specific action.
The title of your petition refers to rules and enforcement relating to short selling of stocks, but the requests set out in the main text of your petition are for the creation of two new bodies, and not any changes to rules regarding short selling of stocks, or enforcement of these. It's therefore not clear exactly what you want to happen.
You could start a new petition explaining clearly what you would like the Government or Parliament to do.
We only reject petitions that don’t meet the petition standards.