Dawn Monroe Comment On Regulatory Notice 21-19
Short-selling of stocks should be abolished. The practice is damaging because it artificially lowers stock prices. The practice of profiting from a company's failures is immoral. By selling shares that they do not possess, short-sellers temporarily reduce stock prices, because if those transactions had not occurred, fewer shares would be available for buyers to purchase. Short-sellers disrupt the normal bid/ask process. Short-sellers have been known to collude and sully the reputations of the companies that they short, by spreading bad news. Such behavior does occur, and it is unsavory.