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Re: Chiugray post# 564750

Friday, 02/03/2023 10:59:08 PM

Friday, February 03, 2023 10:59:08 PM

Post# of 707364
Chiugray, That is true the shares I bought are under broker's (Etrade) name. However in this case how can the naked short sale happen? I don't think Etrade will accept the phantom shares or allow the MM sell phantom shares to them. It is my understanding that each real share has some kind of identification number attached to it, this is how they track the share transactions and distribute the dividend if there is a dividend. In the case of someone shorting the shares, the system can trace to that person who shorted the shares to pay the dividend to the person who bought the shorted shares.
It is almost impossible to think the broker will accept the shares with no ID number.
Is naked short for real then?
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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