Tuesday, February 21, 2023 11:06:18 AM
<<<<<<< you must OWN the stock or borrow stock from a broker >>>>>>>>
LOL, just because the SEC has regulations to prevent Naked Shorting doesn't mean everyone follows those rules. It is against the law to commit bank robbery & murder but tens of thousands of people do it every year.
Dealer Brokers and Market Makers who are more interested in profits than SEC regulations cover up their Naked Shorting in various ways, example;
SEC Brings “Naked Short Selling” Case
May 27, 2021
What Did the BD Allegedly Do Wrong?
"According to the Complaint, the BD mismarked 96% of a certain hedge fund’s short sale orders of two separate issuers’ stock, totaling more than $250 million, as “long” or “short-exempt.” This mismarking allegedly generated $1.6 million in brokerage fees to the BD. The effect of the mismarking was that the hedge fund was able to sell the securities short even though it already had a short position in the securities and did not borrow or locate additional shares to sell short."
"The message to the public markets is that naked short selling can indeed be a practice used to drive down the price of an issuer’s stock."
Those who watched the Gimme Greenbacks video saw 4 CEOs discussing the attacks that have occurred on their companies. One had seen a trading volume of 4x the OS in one day.
The typical scenario is that a Hedge Fund wants to short a company to drive the price down but they have already reached the limit on how much they can Short or they don't want the expenses and commitment of capital that legal Shorting requires. They promise a Broker/MM large commissions if they will Naked Short stock "X".
In the case of BD the Broker falsely marks the Naked Shorting transactions as 'Long' or 'Short Exempt'. It's as easy as checking a box on a form.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171251460
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<<<<<<<<<< UNLESS I AM DUMPING AS IN PREVIOUS WEEKS >>>>>>>>>>>
What the Hell, after 6 years of doing nothing but trash BIEL you are saying that you own BIEL Shares!!
When someone tells you who they Really Are believe them
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