Saturday, October 04, 2014 2:31:32 PM
"Rule 203(b)(2)(ii) as adopted provides that in all situations, delivery should be made on the sale as soon as all restrictions on delivery have been removed, and in any event no later than 35 days after trade date, at which time the broker-dealer that sold on behalf of the person must either borrow securities or close out the open position by purchasing securities of like kind and quantity."
Sadly, we know it is not! They do the brokerage house shuffle!
Go GNCP!!!
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