October 18, 2008
It's about time that SEC does the job it was chartered to do: To protect the interest of investors (instead of protecting the interest of hedge funds).
It's about time that the illegal crime of naked shorting come to an end forever.
It's about time for investors to know who the large short sellers are, just like we know who the large buyers are. The whole argument that such disclosure is anti-competitive is just a hedge fund bogus argument and lie.
It's about time that the SEC started enforcing its own rules and stopped turning a blind eye to criminal naked shorts.
Outlaw naked shorting completely and don't stop there: ENFORCE IT.