Perhaps the SEC is complicit
What you have in the SEC is a bunch of Wall Street MBA types working for a government wage at the SEC dreaming of the day when they can be the big high dollar traders they are supposed to be regulating. They are loathe to foul their own nest. I would also dare say some are on the take.
In addition to the CDS market flushing out, I think all the unsettled trades resulting from naked shorts that never covered will be a big shoe to drop. How many stock certificates do you have? Do you really own legitimate shares?
Only when bureaucrat's jobs and pensions are on the line, will they do a good job.