ya - that's in the presentation as well - it's supposed to stop it, but there are grandfather clauses, etc. The other thing that we all have to realize is that the reason our orders get filled is because brokers do NSS - like it or not, if brokers didn't naked short sell at some level then the liquidity of the market as we know it would be very different. I'm with the rest of you - I'm not a fan, but I'm also a financial analyst. When an order comes in and a MM doesn't have it covered or has to cover it in three days - he just won't fill it and there would WAY fewer trades. It's just an interesting thing to analyze and see what the markets would really look like if this practice stopped all together.
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