Replies to post #698043 on NorthWest Biotherapeutics Inc (NWBO)

[DrHigh]

the MM simply fills the trade but never locates an actual share to deliver. They can either sell you your share and then at some point actually buy the share to deliver or locate an actual share to legitimately short the stock. the markets are now so corrupt that MMs like Citadel just fill orders with no intention of ever delivering an actual share.

One would think there is oversight to protect investors for this abuse but there is none. SEC is akin to a mafia deli that never has meat or bread. Just a front for appearances. FINRA is a joke.

[exwannabe]

Serious questions: how does one "buy" from a naked short seller? How does one ever know if one bought from a naked short seller? I always buy through Schwab. How do I know if any shares I have bought are illegitimate?

First of all, there are no such thing as "illegitimate" shares (unless the company/registrar are doing it).

There are is small possibility any time you buy shares there is a failure to deliver. In that case the broker does not have the shares your account asserts. The broker though actually has them in a pool, so unless you are the only owner at that broker the shortage is not "yours". But those almost all get delivered with a few days.

And even if the shares are not there when some event happens, it does not matter. The system, is designed with make good process in place. For these to fail you would need a failure by all of:
. The party who failed to deliver.
. The DTC who banks almost all US trades
. Your Broker
. And for some amount, the US FDIC.

if those faile, you are best invested in physical stocks of food, ammo, gasoline and such.

[attilathehunt]

You don’t know who the seller is. The MM. knows.

I believe whatever the source of the seller (a long seller, short seller or the MM) your broker would make good if any issues rose on the legitimacy of shares. They have insurance coverage for stuff like that so I wouldn’t have any concerns. If they are in your account then there are yours.

The MM have shown for years they are a bunch of crooks and the minuscule fines levied by FINRA and the SEC are a joke. No where near the profit they made on cheating. So for them it pays to cheat.

And our Congress won’t do anything about it becuase they receive huge donations while in Office and then later become lobbyist once they leave office.

I always said of the 3 planes that hit their targets on 9/11, the only one that should have hit crashed in Pennsylvania. I know I will catch shxt for that but our government is no longer for the people by the people. We are doomed as a nation. Best hope at this stage is for China to rule the world. A communist capitalist society would be better than woke society being created here and now. We are doing things half backwards. I feel for our younger brained washed generation. They won’t know better.