Actually, here it is:
FAILURE TO DELIVER From SEC Website
To address abusive “naked” short selling in equity securities, the SEC announced on October 14, 2008, that it was adopting a rule requiring that self-clearing broker dealers deliver securities by settlement date, or if the participants have not delivered shares by settlement date, immediately purchase or borrow securities to close out the fail to deliver position by no later than the beginning of regular trading hours on the settlement day following the day the participant incurred the fail to deliver position.
A participant that does not comply with this close-out requirement will not be able to short sell the security either for itself or for the account of any customer, unless it has previously arranged to borrow or borrowed the security, until the fail to deliver position is closed out. This Rule has now been adopted permanently by the SEC and is known as SEC Rule 204.
Decide for yourselves and do the math......IMHO way too much stock was "sold" possibly before the brokers had them to sell. Everyone knows this game.
