[sgjohnson]

Would be pretty dumb to actually open a short position. Put options would have far less downside, and a lot more upside.

[RandomBK]

You may need to be careful, as it's possible communicating with the SEC might cause you to be privy to material non-public information.

For example if you know there's a SEC investigation into the company because you're cooperating with their questions, that might bar you from certain market transactions.