Fanning the flames

So far, the rules have apparently done little to calm the very market volatilities the SEC intended them to address. Beyond issues of whether or not the SEC's rules have done any good for financial markets in general, they've been anything but positive for any investment manager with substantial short strategies. Those managers impacted by the rules have had to make investments in their infrastructures in order to comply, like it or not. And so the often discussed issue of greater, more pres