mrmino | 5 years ago | on: Counterfeiting Stock – Explaining illegal naked shorting and stock manipulation
mrmino's comments
mrmino | 5 years ago | on: Counterfeiting Stock – Explaining illegal naked shorting and stock manipulation
The technicality of there being lackluster oversight of naked short selling which may lead to creating a share out of thin air is still true.
Who cares about the tone? It's f**ing dumb.
mrmino | 5 years ago | on: Counterfeiting Stock – Explaining illegal naked shorting and stock manipulation
You're mistaking naked short selling with shorting same share twice. One is illegal, but there is a lot of loopholes in the legislation that regulates it. The other is rare but technically doable, and perfectly legal.
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Also, it's DTC, not DTCC. The inter-company loopholes still apply, not to mention all the international shenanigans.