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Re: Zardiw post# 90

Thursday, 05/12/2016 6:01:11 PM

Thursday, May 12, 2016 6:01:11 PM

Post# of 151
At that time, there were problems with some exchange-listed issuers that stemmed from naked shorting. They were for the most part the result of the exploitation of a loophole involving options.

Reg SHO also stopped people who shorted naked simply for convenience. That was very common. They'd short naked, and find a borrow a few days later. No harm done, but it was sloppy.

Reg SHO has been quite successful in achieving its objectives.

And none of this has anything to do with CDRB and its questionable financials.