"Jamie Dimon Blames Short-Sellers and Predicts Tougher Regulations for Banks Amid Crisis"

Jamie Dimon, CEO of JPMorgan Chase, has called for regulators to investigate short sellers who have targeted regional banks and made huge profits. Short sellers have made over $7.5 billion in 2023 by profiting from the falling share price of smaller lenders. Dimon's intervention echoes calls by the American Bankers Association for the SEC to act against "market manipulation and other abusive short selling practices." While the SEC isn't planning to ban short selling, there is growing pressure on the regulator to implement short-seller rules required under the Dodd Frank Act.