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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: Arcane Lore who wrote (118896)9/8/2003 12:12:33 AM
From: peter michaelson  Read Replies (3) of 150070
 
Here's the best evidence that it is not illegal to short penny stocks, a direct quote from the SEC.

Question:

Can I short penny stocks?

Your Answer: Answer last updated: 11-26-01

As a general matter, any stock can be sold short. But depending on where a stock trades, it may be subject to Short Sale Restrictions that prohibit short sales in a declining market. While these restrictions do not apply to stocks that trade on the OTCBB or the Pink Sheets, your brokerage firm also may have its own policies or restrictions concerning the shorting of penny stocks.

sec.broaddaylight.com
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