InvestorsHub Logo
Followers 3
Posts 1421
Boards Moderated 0
Alias Born 02/09/2011

Re: Torvecian post# 26987

Thursday, 12/08/2016 12:49:07 PM

Thursday, December 08, 2016 12:49:07 PM

Post# of 35337
Great post, Torvecian! Welcome back. As you said, these aged fails are accounted for as "sold not yet purchased" liabilities on the broker/dealer's balance sheet. I also know naked shorting stays a theoretical issue unless the SEC judges otherwise in a finding. I believe there is a principal client and I believe I know who it is, as well as the circumstances which precipitated this presumed short position. But I still need to do more research beyond what I've already done. At a minimum for the sake of thoroughness. Now with a product likely to market things are looking up.

Merry Christmas to you also.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.