Interesting, I recall reading that the naked shorting was being done on some German exchange because of regs being different.. maybe some of it was and some was just fraud... I'd hate to be the CEO of some small struggling company and have predators like those described in the article coming after me.
This raises a question, not exactly on topic, but our revered ex-Senator Corzine's little fiasco has made life difficult for some 38,000 farmers in the Bread Basket of the US. I wonder if friends of his will be coming after those properties? I hope some investigative journalists will follow up on the fallout from Corzine's folly.