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Re: LoneGrey post# 168012

Wednesday, 12/08/2010 10:26:44 AM

Wednesday, December 08, 2010 10:26:44 AM

Post# of 179215
With such a large NSS position, the cover must happen:

11830. Reserved. [Mandatory Close-Out for Short Sales]
[(a) A contract involving a short sale in Nasdaq securities described in paragraph (b)hereof, for the account of a customer or for a member's own account, which has not resulted in
delivery by the broker/dealer representing the seller within 10 business days after the normal settlement date, must be closed by the broker/dealer representing the seller by purchasing for cash or guaranteed delivery securities of like kind and quantity.