The SEC just hit pause again on those controversial short selling disclosure rules. This marks the second delay this year for regulations that would force hedge funds and major institutional players to reveal their short positions and stock lending activities.

Originally, these rules were supposed to bring more transparency to how big money moves in and out of short positions - something retail traders have been demanding for years. But implementation keeps getting pushed back. Whether it's technical complexity or pushback from Wall Street heavyweights, the pattern is clear: regulators are treading carefully.

For anyone watching market structure debates, this延期 signals that the fight over disclosure requirements is far from settled. The question remains whether increased transparency will eventually become mandatory or if institutional players will maintain their current level of opacity in short selling strategies.