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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://w
by 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-...