May 28, 2011
SEC's handling of the short sale data has been one huge failure. Let us face it: SEC has failed the good hard working people in favor of Wall Street. It's long overdue that the SEC stops this sympathy for short sellers and require all large shorts to disclose their short position to the public in a timely, not delayed manner just in the same way that longs are obliged to do. The current setup despite all the senseless excuses is clearly in favor of large hedge funds / short-sellers who have power to even influence the congress, and in disfavor of a) small companies and b) Main Street investors.