Day Tradexchange Inc. (SYNJ)

[MetalHead]

Well these MM's might be thinking twice now on whether or not to short. Check this out:

Quote:

Aug 5, 2009, 3:11 p.m. EST
SEC charges traders for 'naked' short violations
By Ronald D. Orol

WASHINGTON (MarketWatch) - The Securities and Exchange Commission on Wednesday took its first enforcement action for violations of the agency's rules seeking to prevent naked short selling, an abuse considered a key contributor to the financial crisis. The agency charged two options traders, Hazen Capital Management LLC and TJM Proprietary Trading LLC, and their broker-dealers for the violations. Naked short selling is the practice of selling a stock short without first borrowing the security or ensuring that the security can be borrowed as is done in a conventional short sale. The firms and individuals agreed to settle the agency's charges without admitting or denying the findings.



http://www.marketwatch.com/story/sec-charges-traders-for-naked-short-violations-2009-08-05