Re:Naked shorting: The curious incident of the shares that d...
by vlovich123 on Monday February 01, 2021 @02:39AM
(#25986476)
What happens if a market maker fails to deliver the promised stocks due to inability to purchase stocks? Penalties to the government?
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Re:Naked shorting: The curious incident of the shares that d...
by JumpCrisscross on Monday February 01, 2021 @03:18AM
(#25986661)
> What happens if a market maker fails to deliver the promised stocks due to inability to purchase stocks?
Unless volume is zero, there is no “inability to purchase stocks.” Just inability at a desired price. If a market maker fails to deliver, they get hit with fines and fees from clearing infrastructure, exchanges and, eventually, the SEC.