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Posted On: 04/03/2020 10:14:06 AM
Post# of 148908
CYDY consistently has around 50% of volume short according to otcshortreport.com
https://otcshortreport.com/company/CYDY
In naked shorting the shares don't even have to borrowed, they are "counterfeited".
According to an expose the Intercept did a few years ago, there is a loophole in naked shorting laws for market makers:
https://theintercept.com/2016/09/23/big-playe...ed-shorts/
It's got a link to the SEC faq on short sales regulation.
https://otcshortreport.com/company/CYDY
In naked shorting the shares don't even have to borrowed, they are "counterfeited".
According to an expose the Intercept did a few years ago, there is a loophole in naked shorting laws for market makers:
Quote:
But market makers like Knight have an exemption from naked short selling restrictions, on the grounds that they use the practice to maintain liquidity in markets. For example, if there’s high demand for a stock, the market maker can fill orders even if it doesn’t have the shares available.
https://theintercept.com/2016/09/23/big-playe...ed-shorts/
It's got a link to the SEC faq on short sales regulation.
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