July 21, 2008
Naked short selling without borrowing shares is a slap in the face to all small investors. This is a country of rules and when rules are not enforced, the legitimacy of the trading markets is questioned. The lax enforcement of existing fail to cover regulations make the SEC look like the wolf guarding the hen house. With the advent of the internet, investors are much more savvy now and you can't hide behind ignorance any longer to perpetuate illegalities you are supposed to persue.