I'm confused. Buyins.net CEO Thomas Ronk in favor

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CEOs Launch Web Site To Protect Short Sellers

By Christopher Twarowski
Washington Post Staff Writer
Monday, August 18, 2008
When the Securities and Exchange Commission issued an emergency order last month protecting the stocks of the country's largest financial institutions against a form of short selling, three businessmen saw an opportunity.

Harvey Pitt, SEC chairman from 2001 to 2003 and chief executive of District-based global consulting firm Kalorama Partners, teamed up with John Tabacco, chief executive of LocateStock.com, and Tom Ronk, the chief executive of Buyins.net, to launch RegSHO.com.

The D.C. company operates a Web-based, real-time electronic stock lending and location service that provides tools to help sellers and brokerage firms comply with SEC rules governing naked short selling -- the practice the agency sought to prevent -- and regular short sales of stocks. The Web site matches traders with available stocks that can be borrowed for short sales and offers immediate data on the short-sell market. It is named after the SEC's order regulating such trades, Regulation SHO.

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