Hi VHF.
Today's action from the SEC smells of desperation and to suggest they are eliminating something that is already considered "illegal" would be funny if it weren't such a disgrace. It is no wonder Wall Street is increasing held with such disdain.
Love him or hate him, Cramer provides some candid insight into workings of naked short selling in the following clip.
http://www.cnbc.com/id/15840232?vide...