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Re: funmaxus post# 69614

Friday, 08/21/2009 8:36:06 PM

Friday, August 21, 2009 8:36:06 PM

Post# of 118239
hey funmaxus

here's another interesting loophole
to add to your factoids on ftds

nice to see activity on rcch these
past few days ~

--
Another loophole that is the repository for millions or billions of counterfeit shares is the DTC - sponsored and SEC - condoned RECATS program. The DTC, as a service to its prime broker - member/owners, notifies the broker when a position is about to become a fail-to-deliver. The broker may send the position out of DTC by transferring it overseas or doing a match trade with another party. The position may be returned to the DTC where the account is marked to market (value) and all of the time requirements of naked shorting are reset. The cycle can be repeated as often as is necessary to keep the positions naked.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40759891

nothing like *loopholes* to be *exploited*

if sen. kaufman has his way .. there will unique id
tags for every share legally borrowed for shorting

what a concept .. *potentially* .. a somewhat level playing field

---
4kids
all jmo

10/5/07 -- there are no coincidences here ...
oh and like many other longs .. not selling at this level --

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