Why conspiracy?. The "no specific wrongdoing" in that one case couldn't be clearer but time doesn't stand still and why did you not read further for the point and relevancy here at Genius Group:.. but the controversy spurred significant regulatory scrutiny and a push for market structure reforms that are still in progress
I think the Fraud Squad board went into detail about SEC changes made and for some time.. future ones planned as well, gl..
Ok, my memory needed some jogging (short jog, about 2 minutes ;)
Please notice the last couple lines, kinda an existential rule/law: "Ego sum, ego existo", which translates literally to "I am, I exist":
The SEC's most significant recent changes related to short selling are rules adopted in
October 2023 aimed at increasing transparency, with compliance dates and public data dissemination scheduled for 2026 and 2027. Naked shorting, when fraudulent or manipulative, has been illegal under existing rules like Rule 10b-21 since 2008
Recent Changes
In October 2023, the SEC adopted two rules to enhance transparency in short selling and securities lending
Rule 13f-2 and Form SHO: Requires institutional investment managers to confidentially report monthly short position and daily short activity data for equity securities. Aggregated, stock-specific data will be published publicly by the SEC on a delayed monthly basis.
Rule 10c-1a: Requires certain individuals and entities to report the material terms of securities lending transactions to a registered national securities association, which will then make some of this information publicly available.
Amendment to the CAT NMS Plan: An amendment was adopted requiring reporting firms to indicate when using the "bona fide market making" exception in Regulation SHO, which allows market makers to sell short under certain conditions without a prior locate to provide liquidity
Future Planned Changes & Compliance Dates
Implementation and compliance with the 2023 rules are the primary future developments:
Rule 13f-2/Form SHO Compliance: Initial reporting is scheduled for the January 2026 period, with reports due by February 14, 2026. Public aggregation of data will begin three months later.
Rule 10c-1a Compliance & Public Dissemination: Reporting must begin by September 28, 2026, and public dissemination of the data will start on March 29, 2027.
Potential Further Rules: Regulators continue to explore additional measures, such as potential mandatory close-out requirements for failed trades
Naked Shorting: Abusive naked short selling, involving the sale of shares not owned or borrowed with failure to deliver and intent to manipulate, remains illegal under existing rules like Rule 10b-21 and Regulation SHO
Market Data 
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