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Re: None

Thursday, 04/16/2015 2:18:53 PM

Thursday, April 16, 2015 2:18:53 PM

Post# of 123645
Also understand that true naked shorting is illegal. Period. It has been since the 20's. Has it happened? All the time. SHO stemmed the practice and made it more difficult with more stringent regulations and reporting requirements.

I tried to short MRIB at $.035 and only one company would participate in the trade. Interactive Brokers, an offshore broker. But they wanted huge margin requirements and only had 500,000 shares available to short. They required that I put up $1.25 million in cash margin to do the trade. End of story.