I was of the belief that after all is said and don
Post# of 72440
Let's say there was a massive short play where the dollars were in the Billions of naked short losses. If the naked short issuing MMs declare bankruptcy, who takes the responsibility for the resulting very large number of bogus shares being made good?
Shouldn't be the legal buyers or legal MMs making the trades IMO, but if the cabal that is in cahoots disappears and naked issuing MMs can't cover the costs, is there some govt agency that takes responsibility since the SEC/FINRA obviously didn't do their job of protecting the public?
As to IPIX, since we believe there is a major short play, would it be best for an investor to request his stock certificates now to make sure he had certified shares when the %%%% might hit the fan should there be a very major short implosion?
Easy to see I know next to nothing about this subject.