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Tuesday, April 17, 2018 4:07:39 PM
Look, failure to deliver borrowed shares means the shorter never took position of shares to short in the first place. It's illegal market manipulation. No, shorting a stock isn't illegal, but failing to deliver borrowed shares after 13 days on the Reg SHO is!
It's illegal because it creates an endless supply of shares to be shorted even when in reality there are very few available.
You my friend are confusing 100% legal shorting of a a stock, with 100% illegal failure to delivers!
RXMD taking action against the Reg SHO FINRA violation is a very prudent step on their part. And it's the right thing for them to do.
If someone broke into your house and robbed you, would you not call the cops to report the crime?
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