GREY:VITFF - Post by User
Comment by
givemeabreak1on Oct 15, 2023 9:14pm
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Post# 35684666
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:2023 VGCX Revised Production Guidance - Misguided?
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:2023 VGCX Revised Production Guidance - Misguided? Naked Shorting is not allowed in anymarkets! That said, the definition of shorting is not always the same. For example what may be a short in Canada may be a naked short and illegal in the US. A naked short in the US is when you have not located shares to cover or borrow if need be to cover a short sale.
In Canada you do not need to locate the shares all that is required is that you had a reasonable expectation that the shares were available to borrow.
Generally speaking a naked short is very difficult to actually prove unless those who did it are very stupid. In most cases but of proof and a fine that is more definitive is the actual failure to deliver! Anything, under 10% of a stock outstanding shares being short is relatively small.