Quote: "Nasdaq sells buys, are watched by the SEC and electronic executed unlike the OTC where hand entries are used to execute as well as their Naked Shorting on Phantom Shares. Shorting on the Nasadq are "Covered Shorting" and accounted for. "
NOT true. The SEC does not sit and "watch trades"- that's not what they do. The first, or front line defense for "trade monitoring" is the DTC (Depository Trust Corp) a fairly secretive and extremely powerful- quasi govt entity that is essentially the "clearing house" of all public traded markets in the U.S.. They "monitor" and "close" and balance out all daily trading activity via all MM's and broker-dealers on all U.S. markets DAILY, processing BILLIONS if not a TRILLION trades or more. They can "freeze" or "chill" a stock of which they suspect trading problems, imbalances, manipulation, etc. They work in concert with the SEC but are not thee SEC. DTC monitors OTC and listed stock trades- it makes no difference.
Then there is FINRA which is also closely linked to the DTC and then the SEC and they also "monitor" and check daily trading and regulate broker-dealers and MM's etc. They would also be reporting to the SEC "suspicious" activity and have front-line defense capabilities to stop trading etc via reporting issues to the SEC. If one remembers, when OCAT botched their first try on the uplist in DEC 2014, they landed on the FINRA "daily list" for several days, maybe a week or more.
The SEC is the last people to get involved and only once a major investigation is launched or serious suspicious activity is suspected or insider trader or other serious level offenses are suspected and likely to be able to be proven. The SEC DOES NOT sit and "monitor" daily trades- that's not their role.
Also, SHORTING OF ALL TYPES, naked or otherwise, LIVES ON THE NASDAQ and it's a myth to say otherwise. Simply 100% not true. There is probably more professional level shorting and hedge funds that do nothing but short stocks (naked or covered) on the NASDAQ than anywhere else- and it's usually done via HFT (high frequency trading software auto-bots) making use of the various sub electronic networks that make up the Nasdaq and it's not "monitored" by the SEC- BILLIONS of trades a day popping off and often in nano seconds each.
That entire initial quoted statement is simply NOT TRUE or even close to accurate.
AI
