What if Congress took away this loophole (market maker exemption) in settling a trade? Finra's memebers wouldnt be able to get away with Naked Short Selling anymore!
I believe Citadel and Virtu would be out of business in days!
Ohh, I wasnt part of MMAT in any capacity so nice try lol
Finra and its brokers/non registered brokers got caught in the theft of time in settlement of trades and that is a crime!