July 31, 2008
Naked short selling is already illegal. So basically the SEC is just NOW starting to enforce the rule on ONLY the 19 companies that you see fit to "protect".
This press that you have been getting amounts to nothing but a publicity stunt, since the shares are supposed to be borrowed before shorting anyways. Had the SEC been doing their job all along it wouldn't have come down to this.
I still can't believe the SEC removed the uptick rule.
Once again it is apparent whose pocket the SEC is in.