Posted On: 02/24/2012 7:51:51 PM
Post# of 26806
SPAH. Reg SHO & Rule 4320 Status
Date | Reg SHO Threshold Flag | Rule4320 Flag |
---|---|---|
Feb 23, 2012 | Yes |
4320. Short Sale Delivery Requirements
(a) If a participant of a registered clearing agency has a fail to deliver position at a registered clearing agency in a non-reporting threshold security for 13 consecutive settlement days, the participant shall immediately thereafter close out the fail to deliver position by purchasing securities of like kind and quantity.
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