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Re: dominator post# 112627

Tuesday, 01/27/2015 2:03:36 PM

Tuesday, January 27, 2015 2:03:36 PM

Post# of 118239
I say International exchange too for RCCH, how? cause I'm a genius? haha

I hope we go Hong Kong exchange-they have strict rules against nss

see here: In particular, many regulators have moved to ban “naked” short selling (a practice that has been prohibited in Hong Kong since short selling was first introduced) or to completely suspend short selling for certain stocks.

“The current system in Hong Kong is robust and has proven itself to work well over the last 10 years. If, however, we consider Hong Kong has become a target for abusive short selling strategies, we will act quickly and firmly, to protect the integrity of the market,” said the SFC’s Chief Executive Officer Mr Martin Wheatley.






Hong Kong’s short-selling regime was enhanced after the Asian financial crisis in 1998. Only covered short selling for certain designated securities, as prescribed by the Stock Exchange of Hong Kong Ltd (SEHK), is permitted. Moreover, short selling may be executed only on the SEHK’s trading system at or above the best current asking price (or the tick rule). The rules also require a full audit trail to be kept for covered short sales, meaning, for instance, that when clients place short selling orders, they must provide documentary confirmation to their brokers or agents that the sale is shorted and it is covered. Breaches of these statutory requirements may result in criminal prosecution.

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