Sigh, yes, I've seen it several thousand times. I just don't buy it. Many MM firms are public companies. If they're making so much money on naked shorting, why isn't that reflected in their financials?
Even those that aren't public are audited frequently by their regulators. It just wouldn't be smart to do what so many are accusing them of doing. The authorities can ask to see their books at any time.
Sure, there are some crooks among the MMs. There are crooks in every profession.
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