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The SEC's Case Against Naked Short Sellers of Medis Technologies
Ltd,... -11/06/09 at
2:04 PM CSTby Judd
Bagley
You can hardly blame Fat Squirrel Trading Group
(FSTG) and Rhino Trading, LLC. After all, it was 2007, and illegal
short selling was almost the norm. The SEC, in passing a toothless
Regulation SHO, had demonstrated that it didn’t care much.
With just a few exceptions, America’s financial press had
made it clear that the shorts were to be belie...
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