A comment to the SEC regarding naked short selling – from 2009

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As an aside: the SEC appears only to hammer retail and individual traders’ violations. In order to impact systemic change, the DoJ has to get involved – as it does now, in 2022.

We thank you for this opportunity to offer comments and suggestions in regards to the proposed Regulation SHO. We are of the opinion that the rampant “naked short selling” of stocks and the associated epidemic of failures of “good delivery” and loans made to mask “failures to deliver” that we are currently experiencing, threatens the very core and integrity of our financial system. These problems need to be dealt with IMMEDIATELY, even before the implementation of the proposed Regulation SHO.

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