Short Sales of Securities and Fails to Deliver

Has a Security Historically Been Above The FTD Threshold?

The site failstodeliver.com has, as well as good general information, a search facility that allows you to get a chart of the security you specify, showing FTDs, whether over the threshold or not. Regrettably, it is only up to about 5 months ago. As an example, click the above, then drop in BSC to see how the FTDs soared as BSC was driven from about 60 to near zero. -Questions

Here are its main sections: Naked Short Selling Wiki NIPC Reform Campaign Regulation SHO Q&A Short Interest Threshold List, AMEX Threshold List, NASDAQ Threshold List, NYSE

Is a Security Above the FTD Threshold Now?

It seems that you have to go to the relevant Self-Regulatory Organization (SRO) and then search its 'Threshold List'.

Regsho.com has a lot of information.

http://www.regsho.com/ is a site whose mission is: “We help your firm stay in compliance with RegSHO by alerting, locating, and resolving short sale transactions.” Operated by locatestock.com.
Go to http://www.regsho.com/ , then go to naked short lists | view by exchange | [AMEX | NASDAQ | NYSE]

Exchange-by-Exchange Lists

New York NYSE:

• List for each trading day

• NYSE discussion

Toronto TSX:

• How to get the Threshold List PDF by the file transfer protocol (FTP)

Nasdaq:

• List and discussion (includes Nasdaq issues, OTCBB, and other OTC issues)

American AMEX:

• List to download by day or month

Chicago CSE:

• Discussion and Download Instructions (Either this doesn't work or they have a perfect record – No securities for which CHX is the primary listing market ever over the Threshold!!)

ArcaEx:

• List for a specific day: Click this: www.archipelago.com/traders/SECreg/SHO/ARCAEXthYYYYMMDD.txt then correct the YYYYMMDD and reclick.

• Click the date http://www.tradearca.com/traders/regsho_th.asp or http://www.nysearca.com/traders/regsho_th.asp

The Boston Stock Exchange, Philadelphia Stock Exchange and National Stock Exchange are not the primary listing exchange for any securities at this time and, therefore, are currently not publishing threshold securities lists.

Discussion – What Do These Numbers Mean?

Key points about Regulation SHO at http://sec.gov/spotlight/keyregshoissues.htm is very good and comprehensive.

Go there and learn about

• Short Sales

• Naked Short Sales (also see the WikiPedia article)

• Fails to Deliver

• Threshold Securities

• Regulation SHO

Also at the SEC site is http://www.sec.gov/divisions/marketreg/mrfaqregsho1204.htm . It is quite detailed in certain regards. However, it hasn't been maintained since July 6, 2007.

Comments on amendments to Reg SHO are here. There are over 1000 comments, making a sad commentary on the US-regulated securities markets, once the pride of the US and admiration of the world. Even Cramer has recently realized the damage that's been done.

What the government doesn't tell you:

• The SEC ignored its own rules against naked short sales until recently and then started enforcing them for a select few favored Treasury market makers and GSEs.

• The SEC selective curtailment of naked shorting may have unintended consequences.

• Not too long ago, there was debate online about even the existence of 'naked short selling'. Now that a quasi-government business is going under, suddenly the SEC and the Fed talk about stopping 'naked short selling.'

The Depository Trust & Clearing Corporation (DTCC) has its own discussion of Naked Short Selling.

The site www.failstodeliver.com has good general information in addition to the charts on individual stocks. Here are its main sections: -Home -Mail Contact -Questions DTCC on Naked Shorting Naked Short Selling Wiki NIPC Reform Campaign Regulation SHO Q&A Short Interest Threshold List, AMEX Threshold List, NASDAQ Threshold List, NYSE

The site http://www.buyins.net/ focuses on situations where [naked] shorting is so heavy that a short squeeze may be possible.