mrmino
Re:Counterfeiting Stock – Explaining illegal naked shorting and stock ...
on Monday February 01, 2021 @05:38PM (#25995102)
9.5k a year a stock with no way to verify what they say.
Also, it's DTC, not DTCC. The inter-company loopholes still apply, not to mention all the international shenanigans.
Re:Counterfeiting Stock – Explaining illegal naked shorting and stock ...
on Monday February 01, 2021 @05:30PM (#25995001)
The technicality of there being lackluster oversight of naked short selling which may lead to creating a share out of thin air is still true.
Who cares about the tone? It's f**ing dumb.
Re:Counterfeiting Stock – Explaining illegal naked shorting and stock ...
on Monday February 01, 2021 @05:16PM (#25994831)
You're mistaking naked short selling with shorting same share twice. One is illegal, but there is a lot of loopholes in the legislation that regulates it. The other is rare but technically doable, and perfectly legal.