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A comment on Counterfeiting Stock – Explaining illegal naked shorting and stock manipulation. Parent comment

Re:Counterfeiting Stock – Explaining illegal naked shorting ... by varispeed on Monday February 01, 2021 @08:24AM (#25988429)
What this example has anything to do with selling something you don't own? It's like a thief would explain why he "borrowed" a car and then sold it and will promise it will get it back to the owner. Apparently stockmarket has an exemption for this behaviour, maybe they pay big sums to law enforcement to turn the blind eye.
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Re:Counterfeiting Stock – Explaining illegal naked shorting ... by cousin_it on Monday February 01, 2021 @08:54AM (#25988677)
The rules of the stock market say reselling borrowed securities is ok though, and both borrowers and lenders agree to these rules when entering into deals. I'm not sure why anyone needs to turn a blind eye.
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Re:Counterfeiting Stock – Explaining illegal naked shorting ... by varispeed on Monday February 01, 2021 @09:15AM (#25988847)
But the rules of stock market is not law. If this was legal then you could do any sort of money laundering, so why authorities turn the blind eye to this?
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