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Gold/Mining/Energy : Starpoint Gold
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To: Charles Kalb who wrote (1273)4/19/1997 1:15:00 PM
From: Bohdan   of 2378
 
Charles,

The bottom line is that the shorter has to get the shares back to the party from whom they were borrowed. I don't know the responsibility of the broker in this case. Is it the broker that borrows the shares and lends them to the shorter to sell or does the broker act as an intermediary only between the two parties. It may be that the brokerage is legally responsible to the borrowee <sp>. Don't know.

Although, in the context of STS, this is academic, it does certainly make for an interesting discussion.

You're not a shorter, are you ? :-)

Take care.
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