I don't understand why it's even legal. I hear people make the argument that they are the watchdogs or protectors of the market to keep it in balance. It's completely false. They could ban shorting completely and instead add a few more regulations for transparency and such. You'd have better watchdogs and protection.
I don't know how much the market makers would like it if there weren't any shorters. Isn't that what they do?
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