Oh stop. The SEC's enforcement action against Sabby is pretty much the only thing you have to point to in the past five years or so.
Problems that did exist early in the century were fixed by Reg SHO, which was adopted in 2005 and amended in 2007 and 2011. It works quite well. It has, however, frequently been used as an excuse for the poor performance of junk penny stocks.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.