I thought it was only naked shorts which I also thought were already banned, but not enforced?
that’s what it thought too. I am very well versed on NSS and it is a huge problem and in many runs companies into the ground.
The non enforcement of the T -3 and the stock borrow program has made so much trouble and trilions being taken from the average shareholder. I suspect alot of this has to do with cleaning up the markets so there is no more NSS.
This appears to be a complete ban. This could mean shorts will have to be closed out, puts will have to be exercised or sold, etc. Could be the beginning of a massive rally, followed by the kind of crash experienced by China, which has never allowed short-selling. Goodbye, Dow 10,000; hello, Dow 5,000.