CISO Global Requests SEC Framework to Regulate Securities Lending and Short Selling

CISO Global has officially submitted a No-Action Request to the U.S. Securities and Exchange Commission (SEC) to establish a new framework for investor consent. The initiative aims to require explicit permission from investors before their securities can be lent out for short-selling purposes. This move follows an internal review by the company that revealed significant discrepancies in shareholder records and high levels of reported fails-to-deliver (FTDs). Attorneys Nick Morgan and Mark Hiraide from the ICAN network are providing pro bono legal assistance for this regulatory filing. By seeking this framework, CISO Global intends to enhance transparency and protect its shareholders from aggressive or unauthorized short-selling practices. While the request marks a proactive step in corporate governance, its immediate market impact remains limited as it awaits a formal response from the SEC.