No shorting and no losing
July 31st, 2008Forget waiting for “fail to deliver” notices on the short selling of financial issues - some firms are refusing the shorts altogether. It’s a classic case of “you pat my back and I’ll pat yours.”
It’s high time the SEC implements the “No-Loss Sale Rule” instead…
(h/t Big Picture)
Save a trader from a coronary today!
Posted in Office on Thursday, July 31st, 2008 at 7:37 am
| Tags: financial stocks, short selling
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