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To: robert b furman who wrote (6312)	4/20/2021 7:02:23 PM
From: Julius Wong	Read Replies (1) \| Respond to of 8239

Sounds like that is a law that radically reduces the ability to short shares or radically will increase the costs of doing so. We expect to see less shorts.

To: robert b furman who wrote (6312)	4/20/2021 7:19:33 PM
From: The Ox	Read Replies (1) \| Respond to of 8239

I thought the ruling was stating that if a broker loaned out the shares or simply shorted against their clients shares, that the full amount of cash needed to be "set aside" (or available). My guess is that brokerages are notorious for using money anyway they want and are not too concerned about keeping the cash "available" - and they put it to use. The SEC is saying that's not allowed - the cash must be available at all times and you can't use it to fund more trades. Basically, if you are shorting a stock against your client's longs, you have to put aside the capital to fund the trade. Someone please correct me if I'm wrong!!!