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Wednesday, July 26, 2023 12:50:18 PM
would be if there are no naked shorts nothing would happen as all these so called brokers claimed but if the SEC applied it across the board it would clean up the concept of shorting companies into brankruptcy as that appears what the plan is so you never have to pay capital gains tax on a short until you close it out. It therefore in my opinion is the method they use to avoid paying any capital gains tax whatsoever.
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