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