Resident Fellow  Alex J. Pollock

Bravo for the United Kingdom's Financial Services Authority ("Regulators Ask for Short Notice; Authorities in Britain Order Investors to Reveal Some Bets Against Firms," Letter From the City, June 16). While one can quibble with the precise numbers, the principle that significant short positions in a stock should be disclosed, just like significant long positions, is unquestionable.

One can hardly take seriously the complaints of the "outraged" short traders who want to keep their activities secret. So would a lot of other people subject to disclosure requirements. Now the U.S. disclosure rules need to implement the required symmetry: equal treatment of short and long positions.

Alex J. Pollock is a resident fellow at AEI.