There is nothing illegal with selling a stock short.
Just as there is not illegal about having an affair.
The morality and ethics of them suck. And most people will be happy if you get caught and hurt.
That said, he deserves what he gets. Someone wrote on Reddit yesterday that the big winners should buy his house and put a Game Stop shop at the end of his driveway.
Borrowing 140% of a company’s stock is illegal, as is selling 140% of a companies stock you don’t own.
That is illegal.
“There is nothing illegal with selling a stock short.”
Well there is a restriction on naked short selling, that is when a stock is sold short without borrowing it first.
That’s how you get 140% of the float sold short.
The problem lies with naked shorts that enable more shorts than shares. I have no bro lemme with boxed shorts. Do what you want with them if you own them.