Brownie's Marine Group Inc (BWMG)

[Ecomike]

For the load mouths who do not do real DD like I do, Friday's major news on illegal shorts, and yes they are shorting BWMG, is here:

NEWS!!!
https://www.reuters.com/markets/us/us-sec-finalize-rules-increasing-transparency-short-selling-market-2023-10-13/

The rules, first proposed in late 2021 and early 2022, **will require investors to report their short positions to the agency, and companies that lend out shares to report that activity to the Financial Industry Regulatory Authority (FINRA), a self-regulatory body that polices brokers.**

Oct 13 (Reuters) - The U.S. Securities and Exchange Commission on Friday agreed to roll out new rules aimed at boosting transparency of short selling, the controversial practice of betting against stocks that drew new scrutiny amid the GameStop saga.

The rules, first proposed in late 2021 and early 2022, will require investors to report their short positions to the agency, and companies that lend out shares to report that activity** to the Financial Industry Regulatory Authority (FINRA), a self-regulatory body** that polices brokers.

Short selling involves borrowing a stock to sell it in the expectation the price will fall, then repurchasing the shares and pocketing the difference. Should the price rise, the seller can be exposed to potentially unlimited losses.

Short interest in the U.S. market totaled $927 billion as of Thursday, according to analytics firm S3 Partners. The practice has long been divisive, with critics accusing short sellers of trying to hurt companies, and short sellers arguing they help root out fraud and corporate misconduct.

Short selling drew renewed scrutiny from Congress in 2021 when retail investors drove up the price of shares in retailer GameStop (GME.N), causing heavy losses for hedge funds that had shorted the company. In the wake of the saga, SEC chair Gary Gensler told lawmakers he would increase the transparency of the market.

BWMG A new Hope rises as true BWMG longs return to battle the shorts.