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Posted On: 09/06/2017 2:12:23 AM
Post# of 72443
Alan, FYI naked shorting was banned in the US in 2008.
"The practice of naked short selling was banned within the United States in 2008 after the financial crisis of 2007/2008, as such activities contributed to the downward economic trend by allowing manipulators a chance to force stock prices down without regard for normal stock supply/demand patterns. The ban applies to naked shorting only and not to other short-selling activities."
http://www.investopedia.com/terms/n/nakedshorting.asp
"The practice of naked short selling was banned within the United States in 2008 after the financial crisis of 2007/2008, as such activities contributed to the downward economic trend by allowing manipulators a chance to force stock prices down without regard for normal stock supply/demand patterns. The ban applies to naked shorting only and not to other short-selling activities."
http://www.investopedia.com/terms/n/nakedshorting.asp
Quote:
Abusive naked shorting needs to be banned as it was in Europe.
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