Naked short selling
, or selling stock that has not yet been borrowed, is illegal in South Korea.
A more fundamental problem is the mishap accidentally allowed "naked short selling
" to happen, in which investors unload shares they do not own.
We do not allow naked short selling
at all,' Ranjit said.
While his first foray with Bitcoin may have been spurred by his animus toward Wall Street and its practice of "naked short selling
," he has since become a vocal proponent of cryptocurrency, predicting it will free the modern economy from the control and whims of big banks and government.
The latter establishes locate and close-out standards aimed at preventing the opportunity for unethical traders to engage in naked short selling
There are people who believe that everything bad in financial markets is due to naked short selling
, and that the big banks are in a massive conspiracy to facilitate illegal short selling to manipulate the stock prices of disfavored companies.
More recently, the use of naked short selling
, where a stock has not been lent prior to the sale, has likewise added to the continued negative perception of short selling.
* "Naked Short Selling
: Is it Information-Based Trading?" by Harrison Liu, Sean T.
Houston, TX, October 11, 2012 --(PR.com)-- Tim Connolly's Winning Strategies will feature filmmaker Kristina Leigh Copeland of Brown Saddle Films, director of the “The Wall Street Conspiracy” (http://thewallstreetconspiracy.com), and famed naked short selling
litigator Wes Christian.
Hence the strategy itself is known as "naked short selling
," which can be contrasted to a covered short sale in which I take the precaution of borrowing stock to sell, as described earlier.