DHS Holding Co. (fka DHSM)

[lucmariepierre]

Seen this on another board, but I think it is very relevant to the issue we are seeing with GNCP...

The Death of Naked Short Selling On The Horizon

Article Date: July 28, 2021
https://franknez.com/breaking-nscc-2021-010-prevents-naked-shorting-and-ftds/

The NSCC-2021-010 Act proposal on the table will prohibit Short Sellers from creating failure-to-delivers as well as Naked Shorting!

https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-010.pdf

What is the NSCC:

The National Securities Clearing Corporation is a DTCC subsidiary regulated by the SEC and was established in 1976. It provides clearing, settlement, risk management, central counter party services and a guarantee of completion for transactions for virtually all Broker-To-Broker trades involving equities, corporate and municipal debt, American Depository receipts, exchange-traded funds, and unit investment trusts.

https://www.dtcc.com/about/businesses-and-subsidiaries/nscc

It appears that the AMC community is forcing historic change in the SEC's enforcement of their rules that has resulted in the investigation of 27 Hedge Funds that extends to Citadel also currently under investigation by the Feds for Market Manipulation.

Under the new "Capital Markets Engagement and Transparency Act-NSCC-2021-010", IF it passed, hedge funds would be required to publicly disclose their bets against stocks as well as dark pool data.

The Big Take-Away of the above July 28, 2021 Article:

"There might have been a point where it felt like Short Sellers had the upper hand in the Markets but NOT anymore. Retail Investors now have the SEC, NSCC, and the Feds auditing the financial system."

Wouldn't it be ironic if the "clean up" of the OTC by the SEC requiring all OTC Stocks to be Pink Current, is accompanied by the SEC putting an END to Naked Short Selling by the introduction of Legislation! It was bound to happen sooner or later!

As the saying goes:"what's good for the goose" is "good for the gander", right!


Be well and prosper...