Replies to post #101704 on Treaty Energy Corp. (fka TECO)

[kanola]

Yep .. And there is no way to know how many NSS are attached to this stock.

Naked shorting is the illegal practice of short selling shares that have not been affirmatively determined to exist. Ordinarily, traders must borrow a stock, or determine that it can be borrowed, before they sell it short. But due to various loopholes in the rules and discrepancies between paper and electronic trading systems, naked shorting continues to happen.

While no exact system of measurement exists, most point to the level of trades that fail to deliver from the seller to the buyer

Read more: Naked Shorting Definition | Investopedia http://www.investopedia.com/terms/n/nakedshorting.asp#ixzz49VNJv8Wo
Follow us: Investopedia on Facebook