SEC Chief Takes Aim at Payment-for-Order Flow in S
Post# of 123672
https://www.bloomberg.com/news/articles/2022-...ping-plans
What are they not talking about?
Naked Short Selling = imbalance of shares / broker debt / fraudulent shares? Failure to deliver stock!
How do you explain value, custody of property, and charge a service fee on highly questionable liquidity practices of market makers and brokers for investors to maintain confidence in their investments?
#SEC
#Stock
#Order
#Payment
#Settlement
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Quote:
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/