GSDT Fintech Group Inc. (GSDT)

[easymillion]

What's Wrong With This Picture?
Individuals don't short as is well known, but Market Makers are allowed to have Failure to Delivers (FTDs) under certain circumstances.
The FTD report for July 12 shows 95.4% of the trading was not held in MMs' inventory, "borrowed" against existing shareholder margin accounts, borrowed from other MMs, or pre-located.
Fact, not opinion: FINRA reported 3,100,000 FTDs out a total of 3,248,057 shares traded on Friday!
Not really a trend?

REG SHO was implemented to fix a problem that officially didn't exist. Very effective market regulation. Apparently NSS still doesn't exist, or, at least, was fixed with the REG SHO legislation! lol
OK, I'm sure it's just to increase liquidity allowable under SEC exemption rules, since trading shares that aren't readily available as a strategy to manipulate share price is clearly illegal by MMs. Ever hear of wash trades between MMs? So as not to violate the 13 day rule, which would halt trading in a security by a particular MM making a market in that security, is it possible to swap out a few shares to cover? Surely an MM wouldn't do a wash trade with another MM to make a short position "disappear" off the books!
easy