Illegal Practice: It is frustrating to see the lack of reaction on the part of the SEC concerning shorting on penny stocks. Although it is not an illegal practice outside the US it is illegal, and viewed unethical here. The SEC has a responsibility to take action against these rogue brokers once they are discovered. Hopefully that happens in this case.
The number of companies on the SHO list paints a vivid picture of the scoundrel trading world outside the US. The US always seems to painted the big -bully in the business world, yet it seems that we are too willing to just bend over and take it when it comes to these outside market pirates.
Come-on SEC...step up to the plate and kick some shorties @$$!