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Goldman sees no problem with naked short sale ban

TORONTO (Reuters) - Goldman Sachs Group Inc President Gary Cohn said on Thursday industry agrees that naked short selling should be banned.

“I don’t think anyone in the industry has any problems with banning naked short (sales),” said Cohn, who is addressing a securities regulation conference here.

“The concept of naked short sale is not a great concept. In fact, from a regulatory standpoint the more regulatory certainty we get on naked short sales the easier it is for us to force these down on our clients.”

Reporting by Jennifer Kwan, Rachelle Younglai and Jonathan Spicer

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