Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

dp,
I believe that this term excludes SPNG from the regulation: "The rule generally applies to all equity securities that are listed on a national securities exchange, whether traded on an exchange or in the over-the-counter market."

So institutional and retail traders alike can continue not shorting SPNG without fear of interruption :o)

I haven't shorted a stock in a long time and don't plan to, but for what it's worth I'm not a fan of any artificial impediments to either long or short trading. And I don't think that Wall Street is either....everybody prefers that the government leave well enough alone until the other guy finds an edge. What it will accomplish is a little panic and a minor change in strategy. And by the time it's implemented both of those effects will likely be pretty subdued. Unless there's a major market event and then the broker system will probably have trouble implementing it and the regulatory authorities will find it impossible to enforce.

Sorry for the negativity. I grew up in a time when the phrase "there is no gravity, the earth sucks" was born.