Alan, FYI naked shorting was banned in the US in 2
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Posted On: 09/06/2017 2:12:23 AM
Alan, FYI naked shorting was banned in the US in 2008.
"The practice of naked short selling was banned within the United States in 2008 after the financial crisis of 2007/2008, as such activities contributed to the downward economic trend by allowing manipulators a chance to force stock prices down without regard for normal stock supply/demand patterns. The ban applies to naked shorting only and not to other short-selling activities."
http://www.investopedia.com/terms/n/nakedshorting.asp
"The practice of naked short selling was banned within the United States in 2008 after the financial crisis of 2007/2008, as such activities contributed to the downward economic trend by allowing manipulators a chance to force stock prices down without regard for normal stock supply/demand patterns. The ban applies to naked shorting only and not to other short-selling activities."
http://www.investopedia.com/terms/n/nakedshorting.asp
Quote:
Abusive naked shorting needs to be banned as it was in Europe.
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