not true imo.
the SEC does want it wants, especially when it comes to pennies (otc, pink, etc).
i remember a month or two ago, RNWF had been naked shorted for well over 30 days, and investors were screaming at them and other organizations to do something about it; nothing ever happened, except the PPS going down, making it easy for the MMs do actually buy real shares and cover their naked butts.