Just sharing some random info while we wait for th
Post# of 11038
WHAT IS SHORT SALE RESTRICTION (SSR) AND HOW DOES IT WORK?
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There are four main rules of SSR.
First, the rule is only triggered once the shares of a company drops by 10% within a day. The ten percent starts from the yesterday’s close.
Second, the SSR restriction remains for the remainder of the day. In many cases, the rule can extend to the next day.
Third, the SSR rule applies to all companies that are listed in American exchanges like the New York Stock Exchange (NYSE) and Nasdaq.
Finally, the rule is enforced by brokers. At DTTW, you will always see the SSR when it is triggered.
Once triggered, the SSR remains in effect until the end of the following trading day. The rule applies to all equity securities whether traded on an exchange or over the counter.
https://www.daytradetheworld.com/trading-blog..._in_stocks[/url] Short
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If the broker-dealer fails to deliver for 13 days, the regulation imposes a “close out” duty to purchase and deliver securities “of like kind and quantity.”
https://www.bloomberg.com/opinion/articles/20...ify%20wall
https://www.scotusblog.com/case-files/cases/m...v-manning/