Mr Cooper Group Inc fka COOP

[SamuraiProgrammer]

About Naked Short Selling being illegal

This should be 100 illegal.

IT IS

Specifically

The Securities and Exchange Commission (SEC) banned the practice of naked short selling in the United States in 2008 after the financial crisis. The ban applies to naked shorting only and not to other short-selling activities.

Prior to this ban, the SEC amended Regulation SHO to limit possibilities for naked shorting by removing loopholes that existed for some brokers and dealers in 2007. Regulation SHO requires lists to be published that track stocks with unusually high trends in failing to deliver (FTD) shares.

The problem is that the SEC is apparently unwilling to do anything about it.

Can anyone point to an action by the SEC that actually involved intervention?