The SEC is taking a lot of heat on this issue, the Senate is investigating.
"The SEC has permitted the destruction of thousands of small public companies by failing to regulate naked shorting and by protecting stock counterfeiters. The now admitted naked shorting scandal, involving the sale of trillions of counterfeit and phantom shares into the market in the names of those companies, resulting in the destruction of their share prices, forcing them out of business and devastating the investments of millions of small investors, while eliminating the jobs of tens of thousands of their employees, continues today. The SEC has permitted the ongoing destruction of American small public businesses, without conscience. The primary source of economic expansion and job growth for our economy is that of developing public companies," said Gunderon."
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