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A comment on GameStop Is Rage Against the Financial Machine. Parent comment

Re:GameStop Is Rage Against the Financial Machine by dheera on Wednesday January 27, 2021 @08:39PM (#25936984)
> Then they borrow them again, and sell them once more for 90c

IANAL but I believe this is actually illegal and if so the hedge funds are in the red for doing this

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Re:GameStop Is Rage Against the Financial Machine by fractionalhare on Wednesday January 27, 2021 @09:01PM (#25937155)
No it's not illegal. Reasonable people can disagree about whether it should be illegal, but it would be nontrivial to enforce and it's meaningfully distinct from what's termed "naked short selling."
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Re:GameStop Is Rage Against the Financial Machine by kllrnohj on Wednesday January 27, 2021 @08:46PM (#25937042)
There's really not any other way to get to shorted at 150% of the float, which was the GME reality. So... yes, likely illegal things happened by the hedge funds. Will the SEC investigate or fine them for it? Probably not, they'll probably get a(nother) bailout instead.
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Re:GameStop Is Rage Against the Financial Machine by adolph on Wednesday January 27, 2021 @10:13PM (#25937683)
Under a title of investigate there are two red buttons in front of a sweating SEC, one reads /r/wallstreetbets and the other ...

https://en.wikipedia.org/wiki/Bernie_Madoff

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