Friday, March 24, 2023 2:40:33 PM
I looked through your posts and didn't find where you had posted a list of brokers fined for naked shorting.
You don't seem to understand that MMs can naked short and it is legal.
MMs do not "short" penny stocks. As part of making a market, they may have periodic short positions throughout a trading day if they fill buy orders for more shares than they have in inventory, but they also often have inventory when they fill sell orders. Having an inventory does not mean that they are going "long" any more than having a temporary net short position is "shorting." This kind of temporary short position is legal and necessary for efficient trading.
I don't believe you understand the function of a MM or how shorting works and on the OTC there is very little naked shorting.
IG
Vindicta violenta Dei contra fures
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