Temporary elimination of Short Selling of Biotech Companies pursuing COVID-19 vaccines.
Temporary elimination of Short Selling of Biotech Companies pursuing COVID-19 vaccines.
Started
May 5, 2020
Petition to
President of the United States Donald J. Trump
Signatures: 212Next Goal: 500
Support now
Why this petition matters
Started by M Janczan
- On Sept. 19, 2008 the Securities and Exchange Commission, acting in concert with the U.K. Financial Services Authority, took temporary emergency action to prohibit short selling in financial companies to protect the integrity and quality of the securities market and strengthen investor confidence.
- On April 11, 2020 the Entire United States of America and territories were declared major disaster for the coronavirus pandemic.
- Recognizing currently only two publicly traded Biotechs have received clearance by the FDA to move forward with Phase 1 human trials. Many of these entities are of precarious financial status and relying heavily on public finance to explore, create and test life saving vaccines. Understanding that many of these entities have been attacked in the public markets by predatory short sellers looking to exploit the same for financial gain, regardless of the life saving work being financed.
- Recognizing the USA is at war with COVID-19 & all financial attacks against Biotechs engaged in vaccine development represents a clear and present danger to the life & welfare of the Citizens of the United States.
- Therefore the President of the United States should direct the Chairman of the SEC to temporarily halt the Short Selling of all publicly traded Biotech Companies engaged in COVID-19 vaccine production.
Support now
Signatures: 212Next Goal: 500
Support now
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Decision Makers
Donald J. TrumpPresident of the United States
