Stacy Blog: SEC limits ‘naked short selling’
There has been a huge wikipedia ‘controversy’ about the wiki entry on naked short selling. There is some Businessweek journalist named Gary Weiss who apparently doesn’t believe it exists but in the minds of corrupt small cap CEOs
Just reported, there are new rules that naked short selling will not be allowed in Fannie Mae and Freddie Mac for up to 18 months. This may also include primary dealers. Lehman (LEH) is up 14 % on the news. Washington Mutual (WM) up 24%
In an article three weeks ago, "A Hidden Silver Default?," I speculated that unreported naked short selling of SLV shares amounted to as much as the equivalent of 50 million ounces of silver, or more. In the past three weeks I would
It's about time we taxed short sellers more and long term equity investors less. It's insane that Obama wants to raise the long term capital gains tax from 15 to 25%. ** NAKED SHORT SELLING IS THE PROBLEM NOT SHORT SELLING
I think it was about the time that the SEC started trying to curtail short selling that I finally decided that we're in panic mode. The market's actually flat, as I write this, although Fannie and Freddie are down 20%, maybe because the
Only now will the SEC and Cox address the naked short selling issue while the average guys 401K has been raped by such practices for years. Do not think they are coming to your rescue, but merely to clamp down on lost control.
As Dr. Robert Shapiro pointed out in his May 8, 2008 comment, while naked short selling is presumed to be a small amount of the trading volume when compared to all volume of the exchanges as a whole, when the illegal practice is
The requirement would prohibit naked short selling, a form of speculation that allows traders to sell securities they do not own, effectively taking a negative position as they expect the value of the securities to decrease in the
ATLANTA (ResourceInvestor.com) — I’d like to comment on the Securities and Exchange Commission’s proposed naked short selling antifraud rule S7-08-08 under the Securities Exchange Act of 1934, issued in Release No. 34-57511.
CNBC is giving me a headache covering today's hearing. Naked short selling - shorting a stock without first borrowing the shares - is illegal. If it weren't, short sellers with deep pockets could knock any stock down to zero.
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