crisis, which I agree with SEC.
But I think SEC should have ban abusive naked shorting a long time ago, but government officials are usually too busy to care small citizens like us, they will only work effectively when there is a big crisis.
Just imagine those small investors' pain, when their shares gets punished to unbelievable lows, then there comes a big guy buying the whole company. I lost a lot on this on ency.
Anyway, I think naked short was meant for market maker to maintain liquidity at the beginning, it should not be abused.
But I think SEC should have ban abusive naked shorting a long time ago, but government officials are usually too busy to care small citizens like us, they will only work effectively when there is a big crisis.
Just imagine those small investors' pain, when their shares gets punished to unbelievable lows, then there comes a big guy buying the whole company. I lost a lot on this on ency.
Anyway, I think naked short was meant for market maker to maintain liquidity at the beginning, it should not be abused.
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