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specutator

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specutator

Re: None

Saturday, 03/01/2014 9:51:42 AM

Saturday, March 01, 2014 9:51:42 AM

Post# of 197656
The Stock Borrow program has nothing to do with normal shorting. It is an internal program that has been used to cover naked shorting without reporting it via reg SHO because the shares were automatically borrowed to cover the settlement if the seller didn't deliver the shares.

In other words: Shorting has not been ended.

The full text can be read here:

http://www.dtcc.com/~/media/Files/Downloads/legal/rule-filings/2013/nscc/SR-NSCC-2013-13-approval-notice.ashx

My posted comments are only my considered opinion based on the reality as I see it. Your reality may be different.

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