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by mox1
1973 days ago
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GME stock has been on nasdaq's "failed to deliver" list for about a month now. That means someone sold a GME share they didn't own (short) and failed to give it to the new owner within the correct timeframe (3 business days I believe.) Guess what the SEC has done about this blatant naked short selling. Nothing. So while in theory naked short selling is illegal, in reality it is tolerate and allowed. |
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