NorthWest Biotherapeutics Inc (NWBO)

[skitahoe]

Magrit,

It's been at least a couple decades since I originally discussed naked shorting with my old broker. His take on it at that time, and it's probably equally true today, is if our regulators started to strictly enforce regulations the practice would simply migrate to nations in the world where it's legal, or they'd make it legal, to get the added business. Stocks may not trade with that much volume elsewhere, but the more restrictive our regulators get the more such trading moves offshore unless there are international agreements that prevent it.

Back in 2008 when hedge funds were tearing down the economy and many banks, but making record profits, Christopher Cox the head of the SEC actually threatened to enforce regulations if naked shorting was utilized to bring down financial institutions. Sad, a regulator must threaten to actually use the law to stop illegal activity, but only after the economy was going to hell in a handbasket. By that time many banks were taken down as well as a major brokerage.

As long as tiny countries can be allowed to be known as tax dodges and places where actions illegal elsewhere are legal there are always people or Institutions that will take advantage of them. We really need to go after such places.

Gary