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Sunday, September 30, 2018 11:08:10 PM
https://www.otcshortreport.com/company/TXTM
FINRA does not even show us Naked shorts, but they have delivered Many Fines for it!
Ouch
https://www.wsj.com/articles/interactive-brokers-fined-5-5-million-for-naked-short-selling-violations-1534797834
Ouch!
http://www.finra.org/newsroom/2014/finra-fines-merrill-lynch-total-6-million-reg-sho-violations-and-supervisory-failures
Market makers have special exemptions from the rules: they are allowed to carry a naked short for up to twenty–one trading days before they have to borrow a share or possibly work around the rules by creating or through another account. LOL! That was Easy! Until it Ain't! LOL!
The only Real way for a company to Trap Naked shorts is to buy up and hold every share.
I Naked or Not would hate to be short TXTM!
Good Luck and Happy Trading!
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