Quote:
Originally Posted by Rickm505
Naked shorting drives down the market price of what could be a very healthy company.
If you check the CNBC website and Jim Cramer's videos, he has an opinion of shorting stocks (yeah, him of all people). He blames it for the volatility we see in the markets today. Cramer's argument is the SEC's July 15th announcement of temporarily enforcing the naked shorting rules and the stability it brought to the market. When it expired, volatility kicked in again.
Evidently the SEC agrees, hence the 'new rules' which restate what was already on the books.
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I'd love to have this discussion with you but I don't have time at this exact moment. I will get to it later when I get home.