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Brief selling is legal. Last week, the American Bankers Association (ABA) wrote an open letter to Gary Gensler, chair of the Securities and Change Fee (SEC), mentioning that even financially sound banks are seeing a major uptick briefly selling activity. Federal criminal prosecutors are wanting into short vendor exercise in financial institution stocks, and other regulators are wanting into potential market manipulation by brief sellers, Reuters reported Wednesday. However market manipulation - as in, intentionally making an attempt to deceive traders by controlling or artificially affecting a security's worth - is against the law. They promote them at one price, after which buy them back later - hopefully at a decrease worth

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