To restore investor confidence and trust in the market, and to show that the Securities and Exchange Commission was adequately overseeing the stock market, Senator Kaufman urged the SEC to address abusive short selling practices, particularly naked short selling. The SEC had previously recognized that naked short selling, a practice in which traders sell shares they do not own and cannot deliver, depressed stock prices and had a negative effect on markets.
Library, Museums and Press
181 South College Avenue, Newark, DE 19717-5267
