The data was obtained this week by a Freedom of Information Act request from David Patch, an outspoken critic of the SEC and an active participant in the drive for reform of market regulations and enforcement.

FORBES: Naked Horror

Data obtained under a Freedom of Information Act request by David Patch, a well-known blogger in the movement to eradicate manipulative naked short-selling, showed an astonishingly high degree of trade settlement failures in Global Links shares in the days and weeks following a 350-to-1 reverse split in February 2005.

FORBES: More Shots Fired In The Shorting War

In November, RealNetworks issued a patch to the program that ensures that no private information can be transmitted, according to the company.

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