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The question is, what has Wikipedia been smoking? To think there is any serious effort by the SEC to control Naked Shorting (other than nominal attempts to tamp down public concern) is allowing oneself to be misled.

There are well documented tomes on the prevalence of naked shorting practices, and they are ubiquitous and will remain so until the SEC gets serious about controlling them in a meaningful way.

Think of it, the market allows money to be made on a trade to be made on a company without any collateral other than "imagined stocks." It's pretty preposterous when you think about it; but then, so are exotic derivatives (except those ARE collateralized). Fundamentally, it invites abuse. But Wall Street trundles ahead with nary a concern, because in the market, the end justifies the means. Anything that makes money is its own justification.
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