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Money and Finances
Reply to "The Big Short- Gamestop"
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[quote=Anonymous][quote=Anonymous]OP, do you think SEC is complicit in all the naked shorting and the synthetic shares? It seems there's a real conflict of interest involved. Can this bring down the stock market yet again? Is there enough money in Wall Street to cover all the run-up stocks the hedge funds needs to buy? Or are they gonna declare bankruptcy and leave the stock holders as bag holders?[/quote] SEC is spineless and yes they are complicit in every way. New regulations that are going into effect now designed to control collateral damage and create transparency. Will they ever change? The amount of naked short shares has already grown exponentially and continues to plague many helpless companies who look to the SEC for any kind of enforcement. They will say they support the retail investor but all of their actions say otherwise. SRO's like FINRA fine offenders pennies on the dollar and continue to tolerate this behavior.[/quote]
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