IOSCO-Goldman sees no problem with naked short sale ban

TORONTO, June 10 (BestGrowthStock) – Goldman Sachs Group Inc (GS.N: )
President Gary Cohn said on Thursday industry agrees that naked
short selling should be banned.

“I don’t think anyone in the industry has any problems with
banning naked short (sales),” said Cohn, who is addressing a
securities regulation conference here.

“The concept of naked short sale is not a great concept. In
fact, from a regulatory standpoint the more regulatory
certainty we get on naked short sales the easier it is for us
to force these down on our clients.”

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(Reporting by Jennifer Kwan, Rachelle Younglai and Jonathan
Spicer)

IOSCO-Goldman sees no problem with naked short sale ban