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Tuesday, February 15, 2022 3:44:54 PM
The Conclusion by SEC:
NSCC's SBP does not create "counterfeit shares."
The “Sanity Check" website posted what it described as an "encyclopedic analysis" of the Securities and Exchange Commission's legal brief refuting all of the naked shorting lobby's phony "stock counterfeiting" claims. Research is imperative when dealing with Dark / Defunct EM Stocks that no one is trading.
I’ve yet to see any proof of these abusive naked shares. If a stock lacks significant FTD’s, it cannot have a problem with naked shorting - WE KNOW THAT. We can go for days on “naked shorts” but until it’s PROVEN ON CACH with significant FTDs, it’s just a false baseless claim, nothing based on FACTS.
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