There should be a law against naked shorting… Oh wait, there is. Tom Hardin, the infamous Tipper X was an up and coming hedge funder in the early 2000’s when he found himself wrapped up in an insider trading scandal that saw 85 notable Wall Streeters indicted. Now fast-forward to 2021 and what has really changed. Naked shorting is rampant, despite laws prohibiting the process. However, for some reason, they’re seldom enforced. The more things change in the financial markets, the more they stay the same.
Sharing is Caring!