Sales that avoided clearing agencies could fail – not be delivered — without buyers’ brokers reporting the fails to the DTCC or buying in, requiring the short sellers broker to buy shares on the market and deliver them. To protect short sellers and avoid Reg SHO, dealers went ex-clearing. They either cleared internally or with a cooperating broker-dealer or they went through dark pools. They were private exchanges set up by the big prime brokers and banks.
The major perpetrators of naked short selling are the large banks/prime brokers, doing it for large clients, hedge funds, or their own accounts. If they can do the transaction privately [ex-clearing], RegSHO doesn’t apply. Now about 40% of trades go through dark pools. If a trade failed ex-clearing, it didn’t fail at the DTCC!
Reg SHO also didn’t apply to derivatives, the financial casino bets acknowledged as a prime cause of the current economic crisis and which also did not trade through a clearing house.
RSS regulation doesn't apply. This happening in bursa all the times especially gloves stocks hammering by shorties using the naked short. Also you will observe big volume of shares are traded at the last 10 minutes. Banks/prime broker who supporting the shorties, are collecting the shares back at the last 10min.
Extremely crazy and desperate forum administrator here should be the severely trapped glover losing a lot in glove counters until hating and deleting all the postings unfavorable to glove stocks. Really mad guy by deleting and blocking the postings here can't help to rescue from being trapped bulshit.
With all the ibs downgrading the glove sector and revising downwards all the glove counters target price as well as ASP dropping, funds don't come in, how the glove stock price shoot up high or big rebound? Hopeless.
The trapped ones here day and night hoping for rebound are so disappointed. They so called "long term investors " really need to keep for long term number of years but don't know until when, might have to wait until next new pandemic or endemic come to rescue them.
I must praise glovefinish and few other sifus here giving good advice since last year despite the insults from the diehard glove supporters. Those who have listened must be so reliefed now. Salute them.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
StockisntFun
246 posts
Posted by StockisntFun > 2021-07-05 09:37 |
Post removed.Why?