Australian (ASX) Stock Market Forum

Naked shorting, US style

Joined
17 September 2004
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884
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http://www.rgm.com/shortselling.html

Good grief! Arguably the most important financial markets (ie NYSE/Nasdaq) seem to have pretty fundamental integrity issues.

How would you feel if someone was selling more stock in a company than was supposedly issued?

Hope it couldn't happen on the ASX - especially with all the new players coming onto the field. Then again, are we happy with the punushment ASIC metered out to our local miscreants? Perhaps it is happening here.
 
markrmau said:
http://www.rgm.com/shortselling.html

Good grief! Arguably the most important financial markets (ie NYSE/Nasdaq) seem to have pretty fundamental integrity issues.

How would you feel if someone was selling more stock in a company than was supposedly issued?

Hope it couldn't happen on the ASX - especially with all the new players coming onto the field. Then again, are we happy with the punushment ASIC metered out to our local miscreants? Perhaps it is happening here.

No surprises here. Integrity is a lost concept it seems. :(
 
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