MM's are authorized to sell short in order to facilitate a transaction.They are then required to make the "delivery" within a few days (I forget how many)
Those are legal and not Naked Shorting.
It's when that scenario is abused that naked shorting becomes an issue.
Kelt
Those are legal and not Naked Shorting.
It's when that scenario is abused that naked shorting becomes an issue.
Kelt
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