July 22, 2008
LDKs investors have been suffering on the naked short list for many months. Recently, the SEC has taken steps to enforce its rules against illegal naked short selling. Unfortunately these steps only apply to specifically named financial companies. By only enforcing the law for specified companies the SEC is allowing, even encouraging, naked short selling of other companies. This is not right. At the very least the SEC should enforce its rules for the identified companies along with randomly selected companies left unidentified until after being investigated. This way illegal short selling of any company would be risky to the perpetrator. Ideally, SEC should fairly apply the same rules across the market.
I am LDK shareholder.