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Re: popcorn202 post# 102492

Friday, 09/29/2006 8:53:05 AM

Friday, September 29, 2006 8:53:05 AM

Post# of 311068
The topic is extremely complicated. When you have time, take a look at my board on SI and www.thesanitycheck.com.

Fidelity has an obligation to provide you with good shares by law. However, the MM that sold to them has an obligation to provide them with good shares, and so on and so forth.

If there are no shares and the MM's just "make it up," that is where the issue of MM games and abuse of their exception to prohibitions vs. naked shorting comes in.
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