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hock1

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hock1

Re: jist1 post# 391855

Friday, 10/31/2014 5:47:53 PM

Friday, October 31, 2014 5:47:53 PM

Post# of 432531
jist1....If you define naked shorting as shorting without first borrowing shares, it is not illegal... How do you think HFT works? Shares are shorted millions of times a day "naked". They are bought back before settlement and therefore not illegal (according to the current rules of trading). Every hedge fund and broker is a "market maker" now and can employ the Madoff Exemption which allows the shorting of stock without locating or borrowing. Sad but true. The ABC's of manipulation and daily profits.
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