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Re: Westcoastplaya post# 337581

Wednesday, 02/21/2024 4:23:31 PM

Wednesday, February 21, 2024 4:23:31 PM

Post# of 348603
Westcoastfluteplaya... you extrapolate a SINGLE SEC case into a widespread problem and pretend it is somehow proof of NSS in DBMM!

Now that is absurd on so many levels!

And that case is about brokers not locating shares before short selling them... NOT about counterfeiting shares Doofus! The system worked: FTDs were generated, and they later delivered all the shares.

Can you even read and comprehend what you are posting?

As alleged in the complaint, for example, Sabby and Mintz engaged in illegal “naked short selling” by intentionally and improperly placing short sales when they knew or were reckless in not knowing that they had not borrowed or located the shares, and then failed to make timely delivery of the shares