(Total Views: 234)
Posted On: 09/07/2021 3:31:10 PM
Post# of 11040
Continued!!! While Janice spins shit and throws it at the wall!
jseps0036 Tuesday, 09/07/21 02:17:54 PM
Re: janice shell post# 51549 0
Post #
51552
of 51556
Tomatoes, tomAHtoes. The certificates don't have the clients name on them and that's just how the brokers and DTCC like it. Makes it a lot easier for them to "balance the books" .
https://investorshub.advfn.com/boards/read_ms...=165806516
jseps0036 Tuesday, 09/07/21 03:28:00 PM
Re: janice shell post# 51556 0
Post #
51557
of 51558
Yes Janice, I'm aware. It's a digital certificate. Neato. Without going into some ridiculous spiel, I'm sure you are capable of comprehending how digital things are easily exploited. With a paper certificate, those shares are literally off the market. With digital, that concept is more flexible. Lots of " loaning " can occur with the hope that the matter can be squared away without any feathers being ruffled.
The DRS system does NOTHING to change the practice of brokers loaning their clients shares out or using those shares to establish their own short positions.
https://investorshub.advfn.com/boards/read_ms...=165808213
$13
$CRGP
jseps0036 Tuesday, 09/07/21 02:17:54 PM
Re: janice shell post# 51549 0
Post #
51552
of 51556
Tomatoes, tomAHtoes. The certificates don't have the clients name on them and that's just how the brokers and DTCC like it. Makes it a lot easier for them to "balance the books" .
https://investorshub.advfn.com/boards/read_ms...=165806516
jseps0036 Tuesday, 09/07/21 03:28:00 PM
Re: janice shell post# 51556 0
Post #
51557
of 51558
Yes Janice, I'm aware. It's a digital certificate. Neato. Without going into some ridiculous spiel, I'm sure you are capable of comprehending how digital things are easily exploited. With a paper certificate, those shares are literally off the market. With digital, that concept is more flexible. Lots of " loaning " can occur with the hope that the matter can be squared away without any feathers being ruffled.
The DRS system does NOTHING to change the practice of brokers loaning their clients shares out or using those shares to establish their own short positions.
https://investorshub.advfn.com/boards/read_ms...=165808213
$13
$CRGP
(0)
(0)
U.S. Constitution
"The Preamble
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America."
Oath
"I solemnly swear to support and defend the Constitution of the United States of America"
The Flag
"I pledge allegiance to the flag of the United States of America, and to the republic for which it stands, one nation under God, indivisible, with liberty and justice for all."
"The Preamble
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America."
Oath
"I solemnly swear to support and defend the Constitution of the United States of America"
The Flag
"I pledge allegiance to the flag of the United States of America, and to the republic for which it stands, one nation under God, indivisible, with liberty and justice for all."
Quote:
If the broker-dealer fails to deliver for 13 days, the regulation imposes a “close out” duty to purchase and deliver securities “of like kind and quantity.”
https://www.bloomberg.com/opinion/articles/20...ify%20wall
https://www.scotusblog.com/case-files/cases/m...v-manning/
