June 6, 2011
The SEC must do everything in its power to:
---Stop naked short selling.
---Provide meaningful fines and prison sentences for violators.
---Violators include the naked short sellers themselves and any person or entity which facilitates them.
Covered short selling is legitimate.
Reporting short sales in a timely fashion would be beneficial
to all market participants.
I have been an active investor for 35 years and it is
my opinion that naked short selling should be a crime.
Once upon a time shorting could only be done on an uptick...
I would like to see a return to those times. Short selling is
a necessary part of a free market but there must be valid
rules.