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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation?
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To: basserdan who wrote (3690)8/12/2008 7:29:16 PM
From: Hawkmoon   of 5034
 
Another option being debated involves imposing fines on people who fail to deliver borrowed shares within the mandatory three-day period, the sources said.

What should be required is that all fines and margin interest derived during such FTD periods are re-distributed to current shareholders of the affected stock in question on that day and the proceeds deposited in their accounts.

That would be a terrific financial inducement to the B/Ds to make sure that any stock they lend is properly located prior to initiating the short sale.

Hawk
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