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Re: kenpel post# 4679

Wednesday, 03/07/2012 8:28:26 AM

Wednesday, March 07, 2012 8:28:26 AM

Post# of 27970
etrade explained to me, in the past they used to conduct themselves the same way....posting new shares before they had possession of them. They also stated no broker has the new shares yet, and that they stopped this practice because customers would have to cover large short positions if the shares failed to deliver and they traded "air"