Naaaa what needs to be done is they needs to be no short selling at all. The fact is the loan of shares is done in a fraudulant manor... Every investor has to sign or acknowledge an agreement... In that agrement it gives the bank/ house the authority to use your long position without notifying you they are using your paper. This is FRAUD, CONFLICT OF INTREST, MISSREPRESENTATION, and down right THEAFT.

This is from the CIBC agreement... I suggest you check you trading house agreement carfully as I'm sure that you have given permission for your broker...or your trading house to use your stock to short sell without notification..... or for them to lean your stock for a fee.... that they profit from .... to another house.

An example of this is a huge short cover in NKW where the short was covered in a period where the total trades for the period was less than the short covered, there were essentualy no wts exercised and no options exercised.... Thus the short was covered via an off market transaction..... I reported this and the exchange did NOTHING....

So who's intrests are served via short selling and lack of supervision and enforcement... Answer.... the big guys, the banks , the brokers.... but certainly not the investor or the companies intrest.... it is theaft condoned by the exchange.

Here's the CIBC cash account agreement:

This is from the CIBC investor services account agreement... look in disclosures... Pg 11 of 74

This is what it says.. could not copy; Part "b" is your acceptance to use your stock for other purposes.... This is very sleezy to say the least..... Fraud and conflict of intrest at best.

10. CIBC investor services right to use securities

At any time when I have a short position or I am in debt to you:

a) any securities held by you for my account may, without noticeto me, be pledged or repledged by you as security for any such indebtedness, whether for more or less than the amount due by me to you and either separetly or together with other securities. You may, without notice to me, loan such securities either seperately or together with other securities; and

b) any securities held by you for my account may, without notice to me, be used by you for making delivery against a sale, whether a short sale or otherwise and whether such sale is for my account or another customer, or for sale to any account that you or your partners, officers, or directors may have a direct or indirect intrest in.

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