There are websites, message board, blogs, etc. that are presenting evidence of Naked Sort Selling and related violations.
These sites all ask the SEC to take more direct action to reduce Naked Short selling problems which many claim are almost pervasive in the Secutities and Exchange industry.
But now we have an example of why the SEC is too busy to clean up Naked Short selling problems.
They have to ask for and review Franklin's personnel papers.
Non-Democracy in action.
Is it posbile honcho companies are influencing the SEC not to take action on Naked Short Selling but rather do responses like ask ERHC for Franklin's papers?
I don't want to question the honesty of SEC officials, but the facts do resemble a farce.