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Posted On: 10/26/2018 3:32:02 PM
Post# of 72440
That's not what the article states. It states that LEGAl shorts have to PROVE THE BORROW.
That is absolutely consistent with what the compliance guy at the national brokerage office told me.
A reputable national brokerage that caters to individual small traders does not allow naked shorting. When he said that a short is merely transferred without covering, he should know.
Your claim that having to prove it's a legal short means it has to be covered is untrue.
That is absolutely consistent with what the compliance guy at the national brokerage office told me.
A reputable national brokerage that caters to individual small traders does not allow naked shorting. When he said that a short is merely transferred without covering, he should know.
Your claim that having to prove it's a legal short means it has to be covered is untrue.
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