Replies to post #109372 on GNCC Capital Inc (GNCP)

[BigBake1]

No such rule, all trade transaction that do not settle on T+3 are reported on the FTD report. An FTD does not represent shorting, naked shorting or abusive naked shorting as trades fa for mutiple reason including long position transactions. This is clearly explained on the SEC website for Fails To Deliver.

Please note that fails-to-deliver can occur for a number of reasons on both long and short sales. Therefore, fails-to-deliver are not necessarily the result of short selling, and are not evidence of abusive short selling or “naked” short selling. For more information on short selling and fails-to-deliver, see http://www.sec.gov/investor/pubs/regsho.htm, http://www.sec.gov/divisions/marketreg/mrfaqregsho1204.htm, and http://www.sec.gov/rules/final/34-50103.htm

[SevenTenEleven]

GNCP - Or T35...

An FTD is only created when the market maker is required to deliver that which he has not located.

Self-clearing and self-settlement, along with simply generating an electronic equity entitlement within a closed system (retail client account, retail broker, market maker, counter party assuming risk) allows for the fraud to be perpetuated.

Add to this failure to properly report blue sheet data to the SEC, and viola, the perfect crime occurs day in and day out.

Tic Toc