Did a Hollywood Movie influence the SEC to Ban Naked Short Selling?

"Stock Shock-The Movie" has been sending shock-waves through the offices of the SEC as regulators receive DVD's and letters from angry investors. Disillusioned Sirius XM investors have embraced the movie that tells their story of stock manipulation. They believe egregious stock market practices are responsible for a 98% decrease in their stock value. In addition to revealing history behind Sirius XM satellite radio as a business, the movie lays out a compelling case suggesting the stock has been targeted and illegally manipulated through naked short selling techniques.

Naked short selling is the process of selling a stock on the open market that is not actually owned. It is an activity that has been largely ignored by the Security Exchange Commission. One investor writes, "I enclose with this letter a DVD copy of the movie: Stock Shock. It is the failure of the SEC to so much as ask the right questions that has ruined its reputation among American investors. The idea that independent movie  makers have to produce a feature length movie about stock price manipulation to bring public attention to  this issue is pathetic."

Soon after this letter was written, the SEC banned naked short selling and brought its first case prosecuting a naked short seller. "The film zeroes in on Sirius XM stock because it is often listed as the most shorted stock on the Nasdaq and is a perfect example of destructive naked short selling," says director Sandra Mohr. SIRI hit a high of $9.00/share and then plummeted to a low of 5 cents in 2009, leaving an estimated one million Sirius XM investors with their retirement accounts emptied.

 Fans of the movie are taking matters into their own hands as they share information and addresses to join forces and inspire change in the way short-selling is regulated by the SEC. In the period since "Stock Shock" was released naked short selling was banned and new short selling regulations are being considered by the Securities Exchange Commission. Sirius XM stock is up over 1000% to 68 cents per share as stock market manipulators release their stranglehold on the spotlighted stock.

Antony Richard Petrilla, Division of Enforcement at the SEC confirmed the offices have received copies of "Stock Shock" and the SEC public affairs office has been in communication with the film's director, Sandra Mohr. SEC public affairs had no comment. Movie trailer at www.stockshockmovie.com. Available only on DVD.