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BeauBeau

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BeauBeau

Re: Windbag1014 post# 76958

Thursday, 11/08/2012 7:26:38 PM

Thursday, November 08, 2012 7:26:38 PM

Post# of 111691
Finra and the SEC allow Market Makers to "Naked Short" shares..
Non-reporting companies fall under Finra Rule 4320 I believe..
Makes for quite the educational read..
especially when you look at the part about what defines a "Failure to Deliver".. IMO.. there is a loophole that allows for shares to be created without the need to "EVER" cover..
I could be wrong.. but until proven otherwise.. That's my opinion!

http://finra.complinet.com/en/display/display.html?rbid=2403&element_id=9398

I wouldn't think this would be allowed in the grays??


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