July 16, 2008
How can the Government allow naked shorts in any trade, no matter what stock is being traded? This essentially creates more stock shares than the company has authorized This should never be legal. The SEC needs to step up and enforce its mandates and put a stop to these illegal practices It needs to enforce the mandates it already has, not just look at new regulations If the only way the SEC is going to enforce the elimination of naked short selling (by approving S7-19-07), then I am in favor of this new regulation.