Naked Short Selling

In February of 2005, Global Links Corp. was hit extremely hard with Naked Short Selling. Naked Short Selling is an illegal practice where brokers sell shares that they do not have and most probably will never have to purchase. This is an abusive practice that closely mirrors Short Selling, but is clearly illegal. Naked Short Selling is appropriately tantamount to counterfeiting printed currency. In a single month, more than 20,800% of the total issued and authorized shares in the company were sold on the public markets. In some cases, more than 100% was sold in a single transaction. While the government was clearly aware that this happened, no agency responded, no investigation was conducted. It was simply buried away. To acknowledge that it was possible for this kind of out-of-control trading to occur would also open the floodgates to prove that this could be happening to dozens of other companies. Naked Short Selling proves without any room for doubt that the U.S. Financial Markets are run by their own set of rules. It is time for the investing public to demand change and accountability. This is a compelling story, filled with facts and evidence.