spartanz

Re-examining My American Capital Strategies Position

The naked short selling here was obvious. It has damaged many retirees portfolios who bought this for the dividend, but still do not wish to see the base eroded. I have written the SEC and my congress people on the damaged caused. The SEC still has not provided the rationale that only 19 companies can not be naked short. MMMH? Goldman and Einhorn can short ACAS, but Goldman can not be shorted. Does not seem quite fair. SEC is protecting a few Wall Street firms and is forgetting about main street.
I have urged ACAS to address the SEC directly.