Scapegoating the Short-Sellers

Banks want the SEC to prevent bets that share prices will fall. Bad idea.

Journal Editorial Report: The week's worst and best from Kim Strassel, Kyle Peterson and Dan Henninger. Images: AP/Zuma Press Composite: Mark Kelly

Short-sellers are always a punching bag in a down market, so it’s not surprising that banks are accusing shorts of manipulating stock prices during the current banking anxiety. There’s scant evidence of illegal activity, but banks want the Securities and Exchange Commission to take some short-seller scalps to protect their own.

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