July 27, 2006
Shorting a stock "cannot" be accomplished "before" shares are borrowed. That was the way the law was drafted and implemented. Eliminate all the relaxations to the law which have been implemented "obviously" to help Hedge Funds and build volume for brokerage houses. Naked Shorting is 1 ARTIFICIAL, 2 WRONG, 3 ORIGINALLY ILLEGAL It distorts the share prices in favor of large investors on massive margins, and decimates the portfolios of small investors doing homework to find solid turnarounds. I'm betting your reversals of the original law has created a real mess, that whether Naked Shorting is wrong and/or illegal are both down on your considerations of how to deal with the issue? The SEC and Congress have allowed the "convicts to overtake the prison" and now have an awful dilemna. SHAME ON YOU BOTH for allowing markets to be heavily influenced by artifical trades. GET IT FIXED..........PLEASE