Joulie

The SEC's Campaign Against Naked Shorting: Misguided or Right On?

Thanks for the article --

I was unaware it was 17 companies. Why is making a special rule for 17 companies legal? Last time I checked we had a Constitutional Equal Protection clause -- you can't make laws picking only on individuals.

Be that as it may. . .I don't think these amorphous markets should be banned, just transparent.

I think you make an important point: With *unreported* naked shorters around (and dark pools), the public equities markets are now on-line gaming casinos. It's a guess - you don't know the value of the shares because you don't know the volume traded and you don't know the liquidity.

The regs should require that naked short contracts be made public, along with the number of shares or other instruments traded in dark pools.