Naked short selling
Автор:
Jesse Russell,Ronald Cohn, 126 стр., издатель:
"Книга по Требованию", ISBN:
978-5-5123-5723-1
High Quality Content by WIKIPEDIA articles! Naked short selling, or naked shorting, is the practice of short-selling a financial instrument without first borrowing the security or ensuring that the security can be borrowed, as is conventionally done in a short sale. When the seller does not obtain the shares within the required time frame, the result is known as a "fail to deliver". The transaction generally remains open until the shares are acquired by the seller, or the seller's broker settles the trade. Short selling is used to anticipate a price fall, but exposes the seller to the risk of a price rise. Abusive naked short selling has been illegal in the United States since 2008, as well as some other jurisdictions, as a method of driving down share prices. Failing to deliver shares is legal under certain circumstances, and naked short selling is not per se illegal. In the United States, naked short selling is covered by various SEC regulations which prohibit the practice. Critics,...