SEC plans measures against short-selling

The point is that they don't have to put any money up to short a stock and if it goes down, they just collect, if I understand it correctly.

That is the naked part.....as I understand it.

Correct me if I am wrong.

DD

 

naked shorting is shorting shares that aren't ensured to be available to short.

http://en.wikipedia.org/wiki/Naked_short_selling

 

I thought they outlawed it for OTC stocks. My friend made a killing (over a million dollars) doing this about 7 years ago.

 

They were doing it on TGTL when I was there.....

DD