InvestorsHub Logo
Followers 0
Posts 41
Boards Moderated 0
Alias Born 03/05/2011

Re: tob999 post# 47144

Thursday, 07/07/2011 12:25:53 PM

Thursday, July 07, 2011 12:25:53 PM

Post# of 92684
"Accelerated Close-Outs. Participants of registered clearing agencies must deliver equity securities to the clearing agency for a long or short sale by the settlement date. If a participant has a fail to deliver position at the clearing agency relating to a short sale, the participant must immediately close out the position by either borrowing or purchasing the shares before the beginning of trading hours on the first settlement day after the settlement date."

great, so I am probably locked out so these a$$hat crooks can bail them selves out with my shares. Then unlock and let me loose the rest of my money. Wonderful system