What you don't understand about Fail-To-Deliver, is these short trades in the OTC are cleared almost the same day or no later than 48 hours. So much for the Bi-Monthly Report which shows nothing.
The securities industry counters with a campaign of misinformation.
For example, they proudly pointed out that only one percent of the dollar volume of listed shares are fails-to-deliver. What they don't mention:
that the fails-to-deliver are concentrated in companies being attacked for companies under attack, for every disclosed fail-to-deliver there maybe ten to forty times that number of undisclosed counterfeit shares companies under attack have seen their stock price depressed to a small fraction of the price of an average share, therefore the fails-to-deliver as a percentage of number of shares is considerably higher than as a percentage of dollar volume the examples cited are limited to listed companies, but much of the abuse occurs in the over the counter market, regional exchanges and on unregulated foreign exchanges that allow naked shorting of American companies, who are not even aware they are traded on the foreign exchanges. http://counterfeitingstock.com/CounterfeitingStock.html
NOTE the Spread each day to clear. If I didn't think this wasn't a serious problem, I wouldn't have done the work, DD, to research it thoroughly..
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