iQSTEL Inc (IQST)

[moneyman2013]

misteroldman: not to dispute you, but while it is "banned" it still occurs. I would do a bit more reading on the issue. Basically, you appear to trust the Foxes to tell you that the Chickens are safe. These companies know the loopholes, and have Lawyers at the ready if they are caught. They pay a fine, and continue on...if you are a company doing $700Bn annually, paying a $70Mn fine is (to coin a phrase from Monty Python's Holy Grail) "Tis but a scratch"...

(https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/naked-shorting/)

"Naked short selling was prohibited by the Securities and Exchange Commission (SEC) in the United States following the 2008 Global Financial Crisis. The ban was, in part, a response to the belief that naked shorting had contributed to the collapse of Lehman Brothers, which was a major catalyst for the ensuing market crash and financial crisis.

Before banning naked shorting outright, the SEC initially sought to limit the practice through Regulation SHO. However, the regulation, which required the listing of stock with high levels of failure to deliver transactions, was eventually found to be largely ineffective in preventing naked short selling.

There is widespread disagreement as to how effective the SEC’s ban on the practice has been, with many arguing that the SEC’s rules concerning short selling are both ineffective and often not enforced.

(https://www.investopedia.com/articles/optioninvestor/09/naked-short-selling.asp)

"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. Due to various loopholes in the rules, and discrepancies between paper and electronic trading systems, naked shorting continues to happen."