JPMorgan CEO Jamie Dimon believes US regulators should consider a ban on the short selling of bank stocks.
In an interview (https://twitter.com/BloombergTV/status/1656637436695289856?s=20) with Bloomberg on Thursday, Dimon said the SEC has the ability to investigate potential collusion amid short-sellers and that they should do that.
When asked if regulators should look at the short sellers of bank stocks, Dimon responded, "Yes. Look, my folks would tell me that's not the problem... I think they may partially be wrong."
"If you look at the detail, the SEC has the enforcement capability to look at what people are doing by name in options, derivatives, short sales, and if someone's doing anything wrong, [if] people are in collusion, or [if] people are going short and then making a tweet about a bank, they should go after them, and vigorously, and they should be punished to the fullest extent the law allows it," Dimon said.
You'll buy bank stocks. And you'll be happy.