Great Short Opportunity, page-198

What we need is to copy the South Koreans and ban short selling.
I wonder if anyone is keeping an eye on illegal naked shorting by global investment banks in Australia.


https://finance.yahoo.com/news/south-korea-stocks-jump-nation-000548727.html

"Most short-selling in South Korea is conducted by institutional investors. However, it accounts for a tiny portion of the market — about 0.6% of the Kospi’s market value and 1.6% of the Kosdaq’s, according to exchange data.

Naked shorts

Lee Bokhyun, governor of the Financial Supervisory Service, refuted the view that the ban was politically motivated, adding that the suspension was necessary to protect retail investors and improve the short-selling mechanism. The ban was “inevitable to introduce an advanced short-selling system,” he was cited as saying by Yonhap Infomax.

Sunday’s announcement comes just days after the financial watchdog said it plans a comprehensive probe into short-selling trades by global investment banks, with a view to root out the practice of naked short-selling, which is illegal in South Korea. Earlier in October, the FSS proposed the imposition of record fines on two global banks for “routinely and intentionally” engaging in naked short-selling."