July 16, 2008
I strongly favor ending the options market maker exception loophole if doing so will eliminate the ability of short sellers to pile into a security without taking title. Short sellers should be limited to selling only the amount of stock that is available to borrow. I have heard of instances where the numbers of shares sold short outnumbered the amount of the float. This has to be stopped. I am strongly in favor of eliminating the persistant problem of fails to deliver of stocks that have been sold short.