October 1, 2005
It would be very nice if the SEC enforced the rule(s) against Naked Shorting. Look at it this way, if one day your child decided they had a great idea, formed a company, worked real hard, got it listed on an exchange. Only to have it naked shorted out of business. How would you feel? You have the power to let every child dream that they can do it and have an equal change in making it. Eliminate naked shorting and go after the crooks in the market .i.e. pump and dump, scams, illegal trading. Put some real fines on the crooks and they will stop. Example the crook makes 1.2 million, you find him 2.2 million not 500,000.