With the ability of the MM's & Brokers to circumvent the 13 day Settlement Rule in the past, by just passing short or naked-short positions amoungst themselves to avoid reporting them, how can anyone say for sure what the true share position is for any stock?
And, I haven't heard that this has changed under the "new" rules!
You know, it would be so simple to eliminate any counterfeit or naked-short sales, just by making it a rule that...
"NO COMMISSIONS OR FEES PAID UNTIL TRADES ARE SETTLED...PERIOD"!!!
But, that would make too much common-sense to do so for our slimey Regulators!!!
John Good
