Halt Naked Short Selling in Our Financial Markets


Halt Naked Short Selling in Our Financial Markets
The Issue
Naked short selling of shares is a detrimental practice in our financial markets where investors sell stocks they do not own or have not borrowed. This practice creates artificial shares, leading to price manipulation and destabilizing the stock market. According to the Securities and Exchange Commission (SEC), this practice is illegal yet still prevalent due to various loopholes in the system. It was identified as a contributory factor in the 2008 financial crisis by the U.S. Senate's report on the crisis. For the sake of market integrity and the protection of millions of ordinary stockholders, we demand bipartisan legislative action to cease these predatory practices thoroughly. Together, let's protect our markets from unscrupulous financial harm. Sign the petition to end naked short selling now.
1,290
The Issue
Naked short selling of shares is a detrimental practice in our financial markets where investors sell stocks they do not own or have not borrowed. This practice creates artificial shares, leading to price manipulation and destabilizing the stock market. According to the Securities and Exchange Commission (SEC), this practice is illegal yet still prevalent due to various loopholes in the system. It was identified as a contributory factor in the 2008 financial crisis by the U.S. Senate's report on the crisis. For the sake of market integrity and the protection of millions of ordinary stockholders, we demand bipartisan legislative action to cease these predatory practices thoroughly. Together, let's protect our markets from unscrupulous financial harm. Sign the petition to end naked short selling now.
1,290
The Decision Makers

Supporter Voices
Petition created on December 28, 2024