Sox: Glad to see you are doing additional DD on na
Post# of 72440
"Participants in naked illegal short selling activities can be charged with a crime based on the SEC regulations. In 2014, two Florida State University professors were charged with participating in the illegal practice that resulted in approximately $400,000 in revenue. Ultimately, the accused agreed to a settlement with the SEC in the amount of $670,000.
Read more: Naked Shorting http://www.investopedia.com/terms/n/nakedshor...z4rtqS1Eu1
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or drop in the bucket fines a la Goldman Sachs case:
http://search.myway.com/search/GGmain.jhtml?p...amp;st=tab
While no doubt some would believe that naked shorting has been banned in the US, it is running rampant with billions being stolen from investors.
Go IPIX!!!