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Re: Dakota Dad post# 97503

Tuesday, 05/24/2011 11:39:23 AM

Tuesday, May 24, 2011 11:39:23 AM

Post# of 118239
Sarcasm aside, is it your contention that if and when your broker discovered that the shares he had just purchased for you were 'air' shares, he would not report it?

DO you suggest that he would cover up the illegal trade?

If you think that there is a huge NSS across the entire RCCH market, are you suggesting that all the brokers are co-conspirators in the cover up?

I am asking these questions in all seriousness. I am trying to understand how it is supposed to work and how people think it possible for a naked short position to exist without it being reported.

Your broker, by NOT reporting an unsettled transaction would become instantly liable for those shares. He would be the one that had to cover in the event of a squeeze. Why would he risk that?

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