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SEC to weigh more transparency to short sale after GameStop frenzy - WSJ

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Feb 17 (Reuters) - The U.S. Securities and ExchangeCommission is considering whether to require more transparencyof short-selling, the Wall Street Journal reported on Wednesday,after last month's social media-driven rally in a handful ofstocks like GameStop Corp.

The regulator will also examine the network of stock lendingand borrowing that facilitates short-selling, the report said,citing people familiar with the matter. (https://bit.ly/3aq53VY)

GameStop did not immediately respond to Reuters request forcomment. A spokesperson for the SEC declined to comment.

GameStop shares had rallied last month as investorsfollowing the Reddit forum WallStreetBets bought them hoping topunish hedge funds such as Melvin Capital Management that hadtaken short positions.

(Reporting by Niket Nishant in Bengaluru; Editing by ArunKoyyur)