A company e.g. ECU could undertake an action that results in a business transaction with its shareholders. e.g. do a split or a reverse split or give a free warrant for every hundred shares owned or delist ECUXF in the USA. In such a case the actual float as compared to the shares issued will have to come to the surface, who actually owns fully paid for genuine shares and can prove it versus phantom shares, its all electronic.

I have mixed feelings about this. I agree with the goal of stopping naked shorting.

However, I am not sure that I agree with the idea of ECU using its money and its legal and manpower resources and messing about with the share structure of the company to find out how many shares have been shorted, phantom or otherwise. I don't think that would stop the short selling.

Bring back the uptick rule, and enforce it with someone who gives a sh!t, per below.

The market clearing houses do not enforce proper accounting checks & balances,

The regulators do not enforce the existing legislation.

Cheers