IBWino
Recycles dryer sheets
- Joined
- May 12, 2006
- Messages
- 465
Short sellers as whistle-blowers
Interesting piece. The author claims that short sellers were real watchdogs and now they are the ones being punished.
Interesting piece. The author claims that short sellers were real watchdogs and now they are the ones being punished.
I really thought that all statements and prospectuses prepared by the issuers, reviewed by independent counsel and auditors, and reviewed by the SEC and NASD gave a true and honest picture of the risks and rewards of any offering and company.
The regulators were supposed to regulate and make sure all risks were known and communicated. But they didn't do their jobs, and neither did the rest of the alphabet soup.
Our only protection was the true guardian of the market: the short seller. When these brave investors saw a company that was overrated and/or overvalued, they shorted it, and that information was public. Short interest was a figure that was known and published. The shorts were the true whistle-blowers of the public investment world.