SEC Regulation SHO, under the Securities Exchange
Post# of 88933
Posted On: 07/10/2013 9:47:42 AM
SEC Regulation SHO, under the Securities Exchange Act of 1934, mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.
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