Replies to post #101260 on RCC Holdings Corp fka RCCH

[camper9]

No, my premise is the shares that I buy and that are held in street name are merely IOUs in my account. Those shares are not in my name. Those shares do not need to be actually delivered until, e.g., I ask for certs.

That was my premise.

The premise here is that it is the broker and not the MMs that are the perpetrators of the fabled 'naked short' conspiracy. The broker merely takes the money for the requested transaction, puts an IOU in the account and doesn't buy any shares at all.

[camper9]

btw, I hadn't thought of that. But given the unscrupulous nature of the finance industry, it would not surprise me if they take you up on your suggestion.

The broker merely takes the money for the requested transaction, puts an IOU in the account and doesn't buy any shares at all.