Naked short-sellers may have no shame, but they're about to take a fall. Chairman Christopher Cox of the U.S. Securities and Exchange Commission told the Senate on Tuesday that he will issue an order creating measures to curb the practice of selling short stock in major American financial firms without borrowing the requisite shares.
FULL STORY
SEC Can't Bear Naked Short Sellers
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Bob Juch
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SEC Can't Bear Naked Short Sellers
I may not have gone where I intended to go, but I think I have ended up where I needed to be.
- Douglas Adams (1952 - 2001)
Si fractum non sit, noli id reficere.
Teach a child to be polite and courteous in the home and, when he grows up, he'll never be able to drive in New Jersey.
- Douglas Adams (1952 - 2001)
Si fractum non sit, noli id reficere.
Teach a child to be polite and courteous in the home and, when he grows up, he'll never be able to drive in New Jersey.
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jarnon
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Re: SEC Can't Bear Naked Short Sellers
If you're selling shorts, you should at least have the decency to wear a pair of them!
Oh, we're talking about the stock exchange. Well, that's different.
Never mind!
Oh, we're talking about the stock exchange. Well, that's different.
Never mind!
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MarleysGh0st
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The article is unclear to me.
So he's ordering what measures to curb this illegal practice?
When did the uptick rule get eliminated and why isn't he bringing it back as one of these measures?
The practice of naked short selling is already illegal, but the rules are widely flouted and are not subject to much oversight.
So he's ordering what measures to curb this illegal practice?
When did the uptick rule get eliminated and why isn't he bringing it back as one of these measures?
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sunflower
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I too, thought it would be a story about naked people selling shorts! I was lured in...I felt like I was reading Bob's post about his new computer again, where my eyes glaze over and I have to say HUH?? 
Too late in the afternoon for real financial stuff!! More stories on naked people selling shorts!
Too late in the afternoon for real financial stuff!! More stories on naked people selling shorts!
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ulysses5019
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sunflower wrote:I too, thought it would be a story about naked people selling shorts! I was lured in...I felt like I was reading Bob's post about his new computer again, where my eyes glaze over and I have to say HUH??
Too late in the afternoon for real financial stuff!! More stories on naked people selling shorts!
They should sell some of those shorts to the nekkid babies on the bored.
I believe in the usefulness of useless information.
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PlacentiaSoccerMom
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