A seemingly simplistic (and unrealistic) solution
Post# of 72440
(Total Views: 242)
Posted On: 03/06/2019 11:02:39 AM
A seemingly simplistic (and unrealistic) solution would be for a stock to be able to ask that it be halted for trading for 3 days, thus all prior trades would have to be closed and at the end of the 3 day halt it would in effect have become a T+0 stock for that brief period of time, though that brief time would allow regulatory bodies time to see how many naked shares didn't get accounted for.
Wouldn't that square away the trades that are constantly being rotated thru the system allowing the naked shorts to survive?
Give just a 2 day notice prior to shutdown so investors needing money over that 3 day halt could sell some shares prior to shutdown if need be.
As stated above, obviously too simplistic an answer to the naked short problem but it would sure help put a lid on the outrageously allowed scam being perpetuated daily on the small retail investor.
Wouldn't that square away the trades that are constantly being rotated thru the system allowing the naked shorts to survive?
Give just a 2 day notice prior to shutdown so investors needing money over that 3 day halt could sell some shares prior to shutdown if need be.
As stated above, obviously too simplistic an answer to the naked short problem but it would sure help put a lid on the outrageously allowed scam being perpetuated daily on the small retail investor.
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