Paychest Inc (PYCT)

[lloydm]

Naked shorting is very hard to prove, and that is the way Market Makers like it. Its manipulation for profit, and arguing about something that cannot be easily proven, does not mean it does not happen.

What I can tell you is there is a process created to track N.S. So why create this process?

Routine failures to deliver can lead to fines by the SEC, or even a ban from the securities markets.

Instead of complying with the rule, Market Makers circumvented it by manipulating an obscure process within the machinery of the nation’s clearing system known as the “Obligation Warehouse.”