Re: Stopping the naked shorts:
in response to
by
posted on
May 21, 2008 08:37AM
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Short sales are only allowed on shares held in margin accounts. If you do not have a margin account your shares can not be borrowed and shorted. The putting a sell order in way above the current price only works for regullar shorting. Naked shorting will not be stopped because they sell shares they did not borrow in the first place