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Re: jfkspire post# 107463

Sunday, 05/10/2015 10:27:37 AM

Sunday, May 10, 2015 10:27:37 AM

Post# of 123645
I'm sorry Percival but what you're saying cannot be done on an extended basis with a naked short position sitting and waiting for a desired price or zero sum result. This is what you aren't getting. The definition you posted is correct but the trade is still recorded and entered. When it goes FTD it's reported via SHO. MRIB has no listed FTDs therefore all, if any, borrowed MRIB shares were covered in the allotted 13 days specified in the regulations. There is no way to get around a recorded trade going FTD. A broker dealer would be risking their entire business for MRIB and some chump change to try and cover up a FTD. The trade would have to be concealed or hidden on numerous transaction records and it would have to involve the collusion of two or more parties trading on their own accounts as broker dealers. It's just not happening. It's an absurd notion.