Wednesday, August 04, 2010 11:42:09 PM
EDIT - I never said anything about the DTCC.
when legit buying begins the MM's are legally allowed to use NSS to fill the buy orders to meet ANY demand ...that orderly market provision under Regulation SHO . Then when the legit buying converts to legit selling the MM's are then legally permitted to buyback the shares they provided on the run-up , thereby settling their trades and settling their LAWFUL use of Naked Short Shares . They have 10 to 13 days to accomplish the settlement of their trades ....and you betcha , they show up as SHORT numbers on the Finra lists .
Who's responsible for reporting the FTD's? The MM's?
You said before that you don't know. I don't know. Does someone know?
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