Truth be damned

Newsflash: SEC May Slowly Start to Enforce the Law

Thank you for getting real information out on "naked" short selling. Looking at comments from various articles on this topic, it is clear that many people do not understand the difference between short selling (legal) and "naked" short selling (illegal but not enforced by SEC). A simple illustration would be a company with 1000 shares of stock outstanding. If I naked short 2000 shares (have not borrowed shares that really exist), I have artifically expanded the number of shares to 3000. When I go to cover my position by buying 2000 shares, they do not exist!!! How could this not be a problem. It's the same as printing money in your basement, which for some reason, Uncle Sam doesn't like. Naked shorting is a tool for market manipulation and increasing market volatility (which makes money for the big firms at the expense of the small investor).

Shameful is an understatement! This illegal practise must be enforced and prosecuted