Hedge Fund Groups Challenge SEC in Bid to Halt Short-Selling Regulations

Hedge fund groups have filed a lawsuit against the US Securities and Exchange Commission (SEC) in an attempt to block new rules on short-selling. The regulations, which were approved in September, aim to increase transparency and oversight of short-selling activities. The hedge fund groups argue that the rules are unnecessary and will harm market liquidity. They are seeking an injunction to prevent the rules from being implemented.