Wednesday, March 13, 2024 2:14:06 PM
https://finance.yahoo.com/news/end-naked-short-selling-230100677.html?fr=sycsrp_catchall
Excerpt form article.
Canada is one venue where this warning should be heeded first and foremost and where naked short sellers have in our view been fleecing U.S. retail investors and companies for years, taking advantage of a loophole that only requires them to have a “reasonable expectation” of settling a trade, without actually borrowing the stock. The U.S. September ruling adds further fire to a slower-moving regulatory crackdown in Canada by the OSC and the other regulatory authorities.
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