pharma

Changing of the Short Uptick Rule: Bad Timing for a Bad Idea

Naked shorting has nothing to do with investing. It is a criminal act.

If a company intends to issue additional shares, the company management has to be responsible for its actions to its shareholders and and its actions must be public [known to its shareholders and investment community in general].

At the same time, naked-short selling allows to a third party, totally outside the company management and its shareholders, at-will and in secret, issue new shares in an entity it has no ownership what so ever.

Nobody should at-will and in secret issue non-existing company shares and deliberately dilute companies shareholders value they have no position in. These activities are criminal in nature.

If someone owns a house, does it mean that a bank or somebody else for this matter have a right to sell the house or any part of it to somebody else without even informing the owner?

Unfortunately, the US government, its agencies, and the Congress knowingly and deliberately legalized criminal activities. Well, what else is new in America?