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allnumbers

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allnumbers

Re: Torvecian post# 18485

Tuesday, 02/23/2010 8:08:44 PM

Tuesday, February 23, 2010 8:08:44 PM

Post# of 35337
Why would the SEC allow a short seller...

to offer shares for sale that they don't own and cannot cover? The SEC holds every other entity with strict rules that if shares are offered on the open market that the shares have to exist and the company needs to have annual meetings, audited reports, shareholder votes, disclosure and etc, etc, etc.....

These naked short sellers are apparently allowed to create positions of fantasy securities that they dream up (due to the naked position) and offer them for sale without having to comply with any rules associated with offering securities for sale.

Why would that be?

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