Mark - he must have meant that he registers the declared shorts. But in his naked shorting activities he wouldn't have to declare them as I believe he was trading under an arbitrage account which is exempt from the "short-marking" provision. Please see OSC Investment Industry Regulatory Organization of Canada (IIROC) March 2, 2012 Anon's game is loaded in their favour - when he told me that he had made a lot of money my reply was that people like him have destroyed the junior mining market in Canada. Unbelievable that this is allowed to happen. AFS