Replies to post #67 on MM's & Short Selling Bashers (MM+SSB)

[geezer]

Francois, the point is that short selling on the OTCBB is not regulated. Rule 3350 does not apply. You seem to be saying that NASDAQ rules apply to the OTCBB. That is not the case, the OTCBB is separate from the NASDAQ. It is only a quotation medium and does not have the same obligations as the NASDAQ for Market Makers. Also, there are no SEC regulations covering shorting of OTCBB securities.

However, if you have any evidence of misconduct by a market maker you should contact NASD Regulation at:

http://www.nasdr.com/2170.htm

I would appreciate it if you could direct me to the rule or regulation that states that stocks under $5.00 can't be shorted. I have seen this stated quite often but can't find the rule anywhere. It is probably just an urban legend.