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Re: greenpar post# 32194

Saturday, 01/05/2013 1:46:07 PM

Saturday, January 05, 2013 1:46:07 PM

Post# of 64377
No it's is not, NSS is a transaction based upon no actual shares involved in the transaction. When an MM is involved in completing a transaction between you and I there are actual shares involved in the transaction. The underwritten process is moving the ownership from me to you in the sale. The requirement is to mark the trade short due to not owning the security and not reasonably expecting deliver of the shares by settlement date as required by FINRA and the SEC.

FTDs would show potential counterfeit inventory, as any number of parties would not recieve delivery of said shares. This Fails to Deliver is what indicates potential settlement issues within a security. There in fact 4 parties involved in the clearing and settlement process and not one of them is going to eat a trade baseed on counterfiet inventory.

Volume:
Day Range:
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Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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