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Post by fastwalker on Sept 20, 2004 14:56:06 GMT -5
Naked short sale (NSS) is the practice whereby short positions are not declared, shares are not borrowed to cover the short sale, and the shares are sold without delivering the stock to the purchaser.
Should we be concerend...
Real shareholder ownership is undermined by naked short sales of stock and failed deliveries of real certificates that artificially inflate ownership and devalue the price of the securities.
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