Kaufman, Isakson on the SEC Round Table
“Tomorrow’s SEC roundtable is long awaited, but it is clear that the panel is stacked against the need for restrictions on naked short selling. In the recent financial decline, there was abusive short selling enabled by the repeal of the 70-year-old uptick rule and a lack of so-called pre-borrow or hard locate requirements.
Just FYI, here are Sens. Ted Kaufman (D-DL) and Johnny Isakson (R-GA) issuing a statement about the SEC round table on naked short-selling, and what a bunch of shit it is.