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Gotham Bay Group

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Gotham Bay Group

Re: noradio post# 291724

Friday, 03/17/2023 4:26:50 PM

Friday, March 17, 2023 4:26:50 PM

Post# of 352529
Risk is only there if the naked short is not within the regulated framework. If done illegally, then all the risks of that practice are present. The problem is in the consequences for unregulated activity. If the consequences for selling fictitious shares were the same that is dealt out to companies not filing in a timely manner, doubtful we would see much nefarious action. Now it's just a fine that goes into SEC bankroll, and every shareholder is left unwhole.
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