Frankie62

Are Dendreon's "Naked Shorts" Running For Cover?

Well, finally the powers that be have decided naked shorting is a problem needing addressing. One of the most interesting "new" requirements is that the "borrowed" shares must actually be delivered by the end of the 3rd day - hmmm isn't that what the requirements were originally? Apparently the rules have not been enforced?! DUH! Too bad it took a financial market crash to remove the scales from their eyes.

As a DNDN stockholder I am definitely interested in this development, but I'm even more concerned with what this week has done to my overall retirement portfolio, even though I am not invested in the financial markets.