I've heard that the BSE is used a great deal for naked shorting, that, in fact, this is the only reason to trade many of the stocks there. It's not so much that their regulations are weaker, but that they are not well enforced. Has anyone else heard/read this?
BTW, I heard this years ago, long before the new UPC regulation.
Hard work often pays off over time,
but laziness always pays off right now.