April 27, 2022
The only thing this really does is give hedgefunds and broker dealers a way in order to hide there naked shorts and ftd's. And ware house them away out of public view. In order so that they will not have to deal with them.(out of sight out of mind)
But I Don't see why they need to do this when the sec takes little to no action. Or what action is taken 9 time out of ten is a joke the fines are pittance compared to the money made and kept by offenders