http://www.itulip.com/forums/showthread.php?t=567 #17 Pervilis Spurius I'll take the liberty here to link some pertinent information I have handy to try to speed the process of becoming familiar with the FTD issue. I promise not to spam the board with countless links in the future. The SEC's key points about REG SHO which Byrne cites in the presentation http://www.sec.gov/spotlight/keyregshoissues.htm NASAA (state regulators association) held a forum on NSS/FTD last year http://www.nasaa.org/NASAA_Newsroom/...lines/3923.cfm you may still be able to get a transcipt at this site George Bush Jr.'s former SEC Chairman, Harvey Pitt weighs in http://www.forbes.com/columnists/200...kedshorts.html The SEC has asked for comments on how it could revise REG SHO which you can peruse here http://www.sec.gov/cgi-bin/txt-srch-...site&sort=rank Some notable comments are: The Governor of Utah (full disclosure: Overstock.com's home state) http://www.sec.gov/comments/s7-12-06/s71206-191.pdf The Attorney General of Connecticut http://www.sec.gov/comments/s7-12-06/s71206-9564.pdf Robert Shapiro, Former Under Secretary of Commerce under Clinton http://www.sec.gov/comments/s7-12-06/rjshapiro5967.pdf