So if no challenge to the books and the sale goes through who is on the hook for any naked shorts? My point is that if Schwab is weak to begin with because of debt and investor accounts carry insufficient insurance to cover losses due to a sudden surge in value but many of their shares were naked shorts sold to them who loses? It has been the customer who ends up loosing in the past. Just something to be aware of before any big change in price. Best wishes.
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