Whos Behind Naked Shorting?
The Motley Fool http://www.fool.com/news/commentary/2005/commentary05033008.htm By Karl Thiel March 30, 2005 Last week, when I wrote about naked short sellers and Regulation SHO, I suggested none too subtly that the new rules seem to deal pretty lightly with any bad guys operating outside the law. If the Securities and Exchange Commission is acknowledging a problem, as it seems to be, then Reg SHO seems like a pretty weak tool for controlling it. But that was last week’s subject. Having gotten to that point, I was left wondering how extensive the problem really is. As I said then, I’m deeply skeptical of some conspiracy theories that suggest that short selling is not only rampant, but also a part of a coordinated scheme involving brokers, media, and regulators trying to bring down targeted companies. In fact, let me say at the outset that after spending many hours looking at this issue, I remain unconvinced of the larger conspiracy theories and agnostic on how extensive naked short sel
