That new "Regulation SHO" list is a joke, as far as i'm concerned. I don't understand how the new law comes into effect, then they come out with a "new grandfather" law that states the naked shorters get "immunity" by SEC for all their illegal activity prior to Jan 1, 2005. And if i'm thinking right, hasn't naked shorting been illegal since the Securities Act of 1933.
on a new front...did you see the NR, Business Wire put out that states...DTCC Unit receives "immunity" for willful misconduct, securities violations, and any other violations of federal security laws...
soooo, if the SEC is here to protect us, the investor, who are they really protecting???
the above information is stated to the best of my knowledge, with research i have done...