Okay, not exactly shot, but they’ve had it with the illegal games that rob them of a peaceful retirement. The laws are already there, except for some glaring problems. One is the SEC does not have a mechanism to enforce the law! The practice is much harder and less profitable in
How Good Is This Survey
A recent survey commissioned by Working Americans for an Open Economy, conducted online by Harris Interactive®, polled 1,243 investors nationwide.
In theory, with probability samples of this size, one could say with 95 percent certainty that the overall results have a sampling error of plus or minus 3 percentage points of what they would be if the entire
Worth Voting For
We found 38% of investors said they would be more inclined to vote for a congressional candidate who addresses the issue of naked shorting.
Among investors aged 55 or older, fully one-half (50%) say they would be more inclined to vote for such a candidate.
Give Them Real Penalties!
When it comes to specific actions that could be taken against those found guilty of naked shorting, vast majorities of investors are behind every alternative tested:
* Requiring the federal government to publish the identity of brokerages and individuals found guilty of naked shorting (79%)
* Allowing individuals, investors, pension funds, and small companies financially damaged by naked shorting to sue to recover their financiallosses (75%)
* Revoking the securities licenses of those found guilty of committing naked shorting (75%)
When a stock is naked shorted, there is no limit on the downward pressure a short-seller can apply to that stock and some companies can be put out of business by this practice. Naked short sellers sell and profit from something they don’t own or haven’t borrowed. Naked shorting is illegal.
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