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Posted On: 12/28/2022 3:10:21 PM
Post# of 124616
It remains to be seen. There has been significant litigation including a Supreme Court ruling on this matter in 2016 and enhancements in reporting requirements via blue sheet data from the brokers to report into the DTC as an attempt to minimize ex-clearing events. Also, tokenization, swaps, and other derivative conversion vehicles used to hide these Fails to Deliver are where it becomes very interesting. Does the blockchain ledger have a stop sign? Is there enough litigation and rules to influence a real change in the financial system? Will the governance of this matter be taken seriously enough to defend the national security of the United States?
Market Makers can't keep borrowing more than once if we want this crime to stop!
#NakedShort
Market Makers can't keep borrowing more than once if we want this crime to stop!
#NakedShort
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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/
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