(Total Views: 291)
Posted On: 01/01/2018 3:29:37 PM
Post# of 72446
According to the SEC, only 19,585 shares (0.014% of the OS) were failure-to-deliver as of November 30.
20171130|45782D100|IPIX|19585|INNOVATION PHARMACEU|0.71
https://www.sec.gov/data/foiadocsfailsdatahtm
“In a “naked” short sale, the seller does not borrow or arrange to borrow the securities in time to make delivery to the buyer within the standard two-day settlement period. As a result, the seller fails to deliver securities to the buyer when delivery is due ( known as a “failure to deliver” or “fail” ).”
https://www.sec.gov/investor/pubs/regsho.htm
If an investor thinks the SEC is corrupted, he/she shouldn't be invested in stocks.
20171130|45782D100|IPIX|19585|INNOVATION PHARMACEU|0.71
https://www.sec.gov/data/foiadocsfailsdatahtm
“In a “naked” short sale, the seller does not borrow or arrange to borrow the securities in time to make delivery to the buyer within the standard two-day settlement period. As a result, the seller fails to deliver securities to the buyer when delivery is due ( known as a “failure to deliver” or “fail” ).”
https://www.sec.gov/investor/pubs/regsho.htm
If an investor thinks the SEC is corrupted, he/she shouldn't be invested in stocks.
Quote:
Illegal naked shorting does exist. It's just that we have no way of knowing what percentage it is, if there is any for a given stock.
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