Robinhood, Too-Big-To-Fail, and Naked Short Selling
by interestingstuff6 Q. Have you heard the term “pay for hold”? A. Yes. Q. What’s your understanding of what that is in relation to locates? A. I think it’s borderline illegal, but allegedly some firms would try to preborrow the stock before they actually did it so if they wanted to short the stock the borrow would be there.” … Read more