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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: TFF who wrote (12352)	11/6/2008 8:19:13 AM
From: Dominick	Read Replies (1) \| Respond to of 12617

"...... Naked short selling occurs when traders sell a stock short without owning it for extended periods of time. In some cases, that may be perfectly legal, but usually it's not. Under long-held rules, traders are required to formally borrow stocks targeted for shorting within three days - so long as the shares are available for loan....." By traders, is he referring to the short seller or the brokerage firm? Isn't it the firm's responsiblity to determine if the shares are available for shorting?