The mere fact that the SEC has come out at this time of downfalling stocks says everything. They have known for yeasrs that nakes shorting has been going on and have done nothing, not a single thing, about it. They are now worried that the market can tumble to nothing while investment houses cleanup up using naked shorting. The SEC easn’t worried yeterday about the little guys and small companies getting clobbered by institutional traders illegally depressing stock prices for their own gain.
CodeToad, You are exactly correct. What concerns me is that this has been widely known for years. The raping of the economy, and companies has gone unabated. Where the hell has the SEC and the Feds been? Busting Martha Stewart? I suspect the complaint level at the SEC is, and has been, full for years, yet NOTHING has been done.