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golf nut

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golf nut

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Wednesday, 07/16/2008 7:07:38 AM

Wednesday, July 16, 2008 7:07:38 AM

Post# of 148479
Naked Shorting, I was under the impression that naked shorting in any form was illegal. Apparently it isn't.

Naked short selling, or naked shorting, is the practice of selling a stock short without first borrowing the shares or ensuring that the shares can be borrowed. Naked shorting is not necessarily a violation of the federal securities laws, and can contribute to market liquidity, but is illegal when it drives down stock prices.[1] In 2004, the Securities and Exchange Commission (SEC) issued "Regulation SHO" seeking to curb abusive naked shorting.[2]

http://en.wikipedia.org:80/wiki/Naked_shorting
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