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Alias Born 04/26/2018

Re: Alpert post# 56454

Thursday, 04/26/2018 9:45:24 PM

Thursday, April 26, 2018 9:45:24 PM

Post# of 192349
Naked Shorting Is illegal and Is a Crime

Copied from Investopedia:

What is 'Naked Shorting'
Naked shorting is the illegal practice of short selling shares that have not been affirmatively determined to exist. Ordinarily, traders must borrow a stock, or determine that it can be borrowed, before they sell it short.


Participants in naked illegal short selling activities can be charged with a crime based on the SEC regulations. In 2014, two Florida State University professors were charged with participating in the illegal practice that resulted in approximately $400,000 in revenue. Ultimately, the accused agreed to a settlement with the SEC in the amount of $670,000.
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