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Message: Naked Shorts = Phantom Trading = 6 Billion/day

Naked Shorts = Phantom Trading = 6 Billion/day

posted on Dec 22, 2007 04:00AM
FAILURE TO DELIVER APPROX. $6 BILLION DAILY
PHANTOM TRADING IS NAKED SHORTING

“Fails to deliver amount to about $6 billion daily.”
- Depository Trust and Clearing Corporation

A group of unscrupulous traders has found a way to skim billions of dollars from the stock market. This scam goes forward affecting $6 billion in trades every day, and yet there has been virtually no public outry – and very few SEC investigations or indictments. The process seems so smooth that no one raises an eyebrow.

Coalition Against Phantom Trading

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