RegSHO Naked Shorts - tracks EVERY failure to deliver in all US stocks and all Threshold Security
Lists daily for which stocks have naked short positions.
The ability of options market makers to sell short and never have to close out a resulting fail to deliver position, provided the short sale was effected to hedge options positions created before the security became a threshold security
, runs counter to the goal of similar treatment for fails to deliver resulting from sales of securities and may have a negative impact on the market for those securities.
OTC Markets defines, "A threshold security
is any equity security that has a significant fail to deliver position for at least 5 business days.
SpongeTech[R] has been on the OTCBB Threshold Security
List ("naked short list") a total of 85 trading days since January 1, 2005 and is presently on the list from July 24, 2009 to through August 25th, a total of 23 consecutive trading days.
As of November 23, 2007, the Company's Common Stock was included on the Threshold Security
OTCBB:WLSA) recently became aware that its shares have been designated a Threshold Security
under Regulation SHO by the National Association of Securities Dealers (NASD).
com, conceives, develops and markets state-of-the-art security systems, announced today that based on a new Securities and Exchange Commission regulation governing short selling, known as Regulation SHO, it has been listed on the Threshold Security
List published Friday, January 14, 2005.
OTC: SCMI) announced today that based on a new Securities and Exchange Commission regulation governing short selling, known as Regulation SHO, it has been listed on the Threshold Security
List published Friday, January 7, 2005.
HEE Corporation (HCCF on OTC Pink Sheets) HEE Corporation announces that HCCF (HEE Common Stock) and HCCFP (HEE Preferred Stock) are shown on the 'Regulation SHO Threshold Security
List' clearly demonstrating the attention regulatory agencies are focusing on the 'Naked Trading" of securities.
OTC Bulletin Board: VHGI) today announced that based on the recent increase in daily share volume, it has appeared on the Regulation SHO Threshold Security
Our understanding of this rule is that firms are required to close out within 35 consecutive settlement days any previously "grandfathered" fail-to-deliver positions in a non-reporting threshold security
SEC Chairman Christopher Cox noted at a March 4, 2008 open hearing that when companies are "chronically listed on Reg SHO's Threshold Security
List for months and years at a time [there] is ample evidence that there is also fraud in the market that needs to be arrested.