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Yes it is. It took me less than 5 seconds to Google and find cases of it being enforced: https://www.sec.gov/news/press-release/2014-20 https://www.sec.gov/news

Yes it is. It took me less than 5 seconds to Google and find cases of it being enforced: https://www.sec.gov/news/press-release/2014-20 https://www.sec.gov/news/press-release/2014-20 The attitude of "they don't catch every criminal, therefore it isn't being enforced" that people take towards financial crimes is silly. 40% of murderers get away with it but no one goes around trying to claim that "murder but by illegal but it certainly isn't enforced". Over 60% of rapists get away with it. 70% of robbery. 80% of theft. 87% of burglary. Just because financial crimes (maybe) have a slightly higher rate of "getting away with it" is no reason to make the disingenuous claim that it isn't enforced.

dragonwriter 6y ago
> 40% of murderers get away with it but no one goes around trying to claim that "murder but by illegal but it certainly isn't enforced". Well, maybe not murder in general, but there is certainly a point where the prohibition is seen as theoretical. Consider BLM.
beambot 6y ago
Refer to "Practices Related to Naked Short Selling Complaints and Referrals" by the Office of the Inspector General: https://www.sec.gov/files/450.pdf https://www.sec.gov/files/450.pdf > Our audit disclosed that despite the tremendous amount of attention the practice of naked short selling has generated in recent years, Enforcement has brought very few enforcement actions based on conduct involving abusive or manipulative naked short selling. > Of approximately 5,000 naked short selling complaints received in the ECC between January 1, 2007 and June 1, 2008, only 123 (approximately 2.5 percent) were forwarded for further investigation. I guarantee that more 2.5% of murders are investigated. Reg SHO violations remain massively under-investigated still today, to the extent that the SEC is well aware of simple ways to bypass: https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf https://www.sec.gov/about/offices/ocie/options-trading-risk-...

dragonwriter 6y ago

> 40% of murderers get away with it but no one goes around trying to claim that "murder but by illegal but it certainly isn't enforced". Well, maybe not murder in general, but there is certainly a point where the prohibition is seen as theoretical. Consider BLM.

beambot 6y ago

Refer to "Practices Related to Naked Short Selling Complaints and Referrals" by the Office of the Inspector General: https://www.sec.gov/files/450.pdf https://www.sec.gov/files/450.pdf > Our audit disclosed that despite the tremendous amount of attention the practice of naked short selling has generated in recent years, Enforcement has brought very few enforcement actions based on conduct involving abusive or manipulative naked short selling. > Of approximately 5,000 naked short selling complaints received in the ECC between January 1, 2007 and June 1, 2008, only 123 (approximately 2.5 percent) were forwarded for further investigation. I guarantee that more 2.5% of murders are investigated. Reg SHO violations remain massively under-investigated still today, to the extent that the SEC is well aware of simple ways to bypass: https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf https://www.sec.gov/about/offices/ocie/options-trading-risk-...