September 9, 2008
Just a note to express my concern that naked short selling is causing significant problems in the market and is ruining good companies and stocks, especially when there is already bad news hitting the market. The naked shorts take complete advantage of this because they know no one is doing anything about it and the SEC is not doing its job.
What happened to the rules for shorting and why doesn't the SEC enforce those rules?
Doesn't seem hard to do something about this considering you can see the transaction reports for stocks and you have the lists of handily available.