“I suggest you improve your research and legal interpretative skills.”
There is no law specifically against stealing Kool-Aid cups but it is illegal. Naked shorting without the ability to close the deal is illegal. I am not going to go through the entire code looking for you as all I have to do is read the SEC published opinion and hear the words of the fed and Treasury chiefs to know its status. You may think that a published opinion by the SEC is weak but I’ll take their words over yours any day. So back at ya: I suggest you improve your research and legal interpretive skills before you get yourself into serious trouble.
You’re on the ropes now and you put yourself there, and there you will stay until you admit you got it wrong.
Read the REGSHO regulation. Here’s the link again:
http://sec.gov/rules/final/34-50103.htm#P69_11847
“Naked” short selling, while not defined in the federal securities laws or SRO rules, ....”
***WHILE NOT DEFINED***
Now if that doesn’t open your eyes and cause you to self-correct, nothing will.