The City watchdog said: "We have an existing short-selling disclosure regime around financial stocks in place and we continue to monitor the activity in our markets accordingly.
But Mr. Perry, the investment manager, summed up his opposite feelings this way: "If the analyst has a buy on the stock, that is presumably the firm's opinion and no one in the firm should be selling the stock without disclosure".
The Wall Street Journal reports the firm is consider a shuffling of senior executives to include more Japanese managers, after a regulatory investigation found alleged problems with its disclosures when selling financial products.
Microsoft, based in Redmond, Wash., will not disclose the number of shares Mr. Ballmer is selling until he files a disclosure with the Securities and Exchange Commission, said Rachel Wayne, a spokeswoman.
See articleChina said it would tighten procedures for selling weapons abroad, after the disclosure that representatives of Colonel Qaddafi's government attempted to buy weapons in Beijing in mid-July.
BEIJING — China will tighten its procedures for selling weapons abroad after the disclosure last week that state-owned arms manufacturers were negotiating arms sales to Col. Muammar el-Qaddafi's government as it sought to fend off rebel fighters this summer, a Foreign Ministry spokeswoman said Tuesday.
The S.E.C.'s enforcement director, Robert Khuzami, said at a news conference last month that among the S.E.C.'s targets was disclosure: whether banks selling mortgage-related investments failed to fully account for the riskiness of the home loans bundled in the securities.
It might seem like a silly question but as home sales pick up you should know there are laws against selling a house without full disclosure.
Such sales do not require the more extensive disclosures required when selling stocks or bonds to the public.
In the past, disclosures by brokers selling municipal securities to their clients were pretty much limited to the bond's price, interest rate and credit rating.
For example, she noted the rules would require companies selling stock to make some disclosures not explicitly required in the original JOBS Act law about risk factors and how much debt they carry.
