Replies to post #145553 on NSAV Holding Inc (NSAV)

[dreamhouse33]

Sorry for not understanding, but what is this?

[scoobydooby0001]

Means those shorting have to have cash equivalent of anything they short

[PayDirt!]

Well tomorrow is the day the BS ends, not sure how much effect it will be.

Staff Statement on Fully Paid Lending
Division of Trading and Markets Staff

April 16, 2021

[1] On October 22, 2020, Commission staff issued a no-action letter regarding the broker-dealer customer protection rule, Exchange Act Rule 15c3-3, in relation to certain fully-paid lending programs operated by some broker-dealers.[2] Rule 15c3-3(b)(3) requires broker-dealers entering into agreements with their customers who lend the broker-dealers fully-paid or excess margin securities to provide the securities lenders with collateral that fully secures the loans.[3] Staff’s letter stated that the staff would not recommend enforcement action to the Commission regarding these programs for six months from issuance of the letter, or until April 22, 2021, to give firms time to come into compliance with the Rule.[4]
https://www.sec.gov/news/public-statement/staff-fully-paid-lending