The difference is that a counterfeit share is counted as a real share. They're stealing from shareholders in a company to drive down the price of the shares.
Because the pawn shop owner that is DTCC is allowed to make their own rules and change them in real time for their sole benefit. It is the definition of corruption.
We have really gone full circle... Analogously explaining (can we start using "anal-plaining" to describe when we explain something using analogies or is that used for something else) naked short selling, but this time WITH the context of direct registration and I'm all here for it.
An even easier example. You ask for this guy's wallet. You take the money out of it and keep the wallet. Naturally, he sees you do that and asks for his wallet back. So you give him the wallet back without the money. He asks for his money back, too. "No, you only get the wallet, that's all I asked for, so that's all you get back. these are my profits gained from extracting value via naked short selling". Watch him implode.
How does DRS do anything when there will always be non-DRSed shares, and as the article mentions, naked short selling is still ‘legal’ with certain (bullshit) conditions?
Designated Market Makers are allowed to provide liquidity albeit they are all using that reg SHO bona-fide in a malicious setup with their cronies to flood the market and fail to deliver due to the “cOmPLexITy” of markets. Combine it with ETFs shorted x10 available stocks, swaps and options and you got yourself gamestop. All major participants and regulators know this but this time it will explode. CFTC tries to help everyone with a curtain in front of the swap data. They get way too few questions about that. My opinions and assumptions.
They are slowing painting the narrative that what they are doing is legal...because they need to provide liquidity. If they slowly here and there say it's legal...it will be legal in their minds...and that they're doing nothing wrong...hence they think they'll deserve a bailout.
Exactly what I'm thinking as my asshole attempts to shape one of my turds into the shape of Mike C. Bodson's face just to be dropped into the toilet. What Teh Fuck? How is he allowed to say that without risking ridicule or exposure?
This whole article is actually amazing and explains in detail what has been happening since 1981. Bad players have been exploiting the system eversince, it’s time to end all this nonsense
"I mean yeah you can claim a certificate, but we wouldnt be able to provide enough for everyone asking for one at the same time though because of the totally legal, transparent and non-predatory naked shorts you would paralyze the markets so we advise you not going that useless route." DTCC are a fucking bunch of pieces of über scheiße.
market maker exception. naked short selling CAN be legal for a market maker. as long as everyone keeps parroting "illegal naked shorts" no one will take us seriously. we need to push to make naked shorting illegal period, no exemptions.
Well, your buddies make the rules, and your other buddies enforce them, so yeah, you've just got to announce that a thing is legal, then it's all good 👍 😉
I'm not sure but I thought I remembered that after 08 it was basically made illegal for institutions and individuals as part of some of the reforms, but Market Makers still have loopholes today. If you notice though the link to this article is from 2005.
Yup this should be like a damn NFT marketplace, you see how many shares available, the price people are willing to sell, if price goes up as people buy depending on what the sellers are listing their shares for, just like, you know, a free and fair market..
Fucking GOT'EM. this tells us all we need to know. DTCC fucked around with retail AND WILL FINALLY FIND OUT. DRS THE SHIT OUT OF YOUR SHARES, MAKE THEM REAL FOR THE FIRST TIME
So how can you get a certificate? I know people who would never DRS their shares because of reasons, but they would gladly pay 40 Dollar for a certificate if that would help the course. And we are speaking about at least 8000 shares.
“ The seller may also decide not to borrow the shares” [Willem Dafoe slapping his forehead gif] If I can’t do what I want to do, then maybe I… shouldn’t… break the law to do it!!!!
Not for market makers supposedly. With that being said, that doesn’t mean that it should be legal, and it also doesn’t mean they these market makers can’t get fucked over by a mass DRS run.
It really does not matter until it matters. This is not just a black swan event, this is a black hole swan event. This will absorb everything anywhere near it. Nothing that they say matters, merely what they are ultimately going to have to pay to close out their positions. The pool is drying up rapidly, whomever gets out first has the least piss on them.
“Oh relax, there would never be an issue of getting your certificate, unless of course there’s an issue getting your certificate, in which case you’d be fucked.”
There normalizing the public to the upcoming occurrence so they can total rob us with new emergency legislation. It's really time we the people of planet earth come together and take our planet and God Givin right to be free back. Happy holidays everybody to you and yours. Just love you guys. Spread the word
realize the SIPC just give you your money back - at the purchase price - not at the FMV. grandma bought $100 of apple in 1990 that is worth $15 million today? Broker fails, she gets her $100 back.
This website provides an solid overview of the paperwork crisis situation in the late 60s and early 70s in the US stock market; note that because this is from the Harvard Business Review it is obviously very procapital and paints the whole situation in a overly positive light:
How is it legal short selling if there wouldn’t be enough certificates? In my brain the shares left without certificates would be synthetic shares which are created through naked shorting which is illegal.
Ok then, I’m going to request the certificates for my XXXX IRA shares. Imagine if everyone did this with non DRS’d shares. Sounds like they may have a problem
This is why E*Trade said I could have share certificates. For $500 a pop. I'm in a Cash account Roth IRA. I just wanted it for novelty sake. And not GME either. Another company. Automotive (F)
How recent is the article, though? From my (admittedly limited and potentially incorrect) understanding of the situation with paper certificates, the transition to full digital only happened last year.
From the googlé… If you bought the security through a brokerage firm, contact the firm and ask if they have a record of your ownership. Brokerage firms are required to keep records for only six years. Copies of confirmations are only required to be kept for three years. From the smooth brain should we even bother if we are DRSing
Wait, doesn't this say that they will issue stock certificates if we ask for them for $40? And that if everyone did this, it would cripple their system?
They justvqant to hide the fraud with more fraud in a fraudulent system that has no rules but fraud is illegal right? So who tells the DTCC or CITADEL for naked shorting that their actions are illegal? Who will stop them?
Well fuck your liquidity and fuck your legal fucking robbery of the hard working common folks. It's time to end this, DRS for change. DRS to destroy the system.
How the fuck is naked short selling in any form legal? If I tried it I would be fined more than my life's earnings and then some and then sent to jail.
Why GME?
Okay so in simple terms:
The difference is that a counterfeit share is counted as a real share. They're stealing from shareholders in a company to drive down the price of the shares.
Just wanna add, that's literally how banks work.. .
Because the pawn shop owner that is DTCC is allowed to make their own rules and change them in real time for their sole benefit. It is the definition of corruption.
We have really gone full circle... Analogously explaining (can we start using "anal-plaining" to describe when we explain something using analogies or is that used for something else) naked short selling, but this time WITH the context of direct registration and I'm all here for it.
This has been going on since the very beginning of money in general
Simple enough. Easily verified in DD that this is happening. Thank you.
Shares are fungible, they need to be made non-fungible.
The peril of Fungability without Accountability.
Yeah brilliant, from the airline tickets to a Rolex analogy, I love this sub.
An even easier example. You ask for this guy's wallet. You take the money out of it and keep the wallet. Naturally, he sees you do that and asks for his wallet back. So you give him the wallet back without the money. He asks for his money back, too. "No, you only get the wallet, that's all I asked for, so that's all you get back. these are my profits gained from extracting value via naked short selling". Watch him implode.
The stock market is essentially just Howard in Uncut Gems.
I'm going to see what it would take to sell shares after I get a certificate of ownership from the DTCC
When you put it like that, it makes so much fucking sense.
It's more like your friend pawns your Rolex without your knowledge
Because it’s a fake clown world the boomers created. It’s what’s behind the wizard of oz curtain. A complete joke
There will be a run on the markets like there was on the banks in 1929. And the capital won’t be in the banks either. It’s a Ponzi scheme.
Good explanation of this. Thank you
Ah, "legal naked short selling". The sprinkle on ice cream makes crime seems more legitimate because it provides liquidity.
Bribes = "donations" Counterfeiting shares = "providing liquidity"
wait until you learn about legal counterfeiting or legal bankrobbery or - even better - legal slavery!
What a fraud of a market. The concept of supply and demand is completely broken when supply can be manipulated at will.
What are you talking. Naked short selling and dark pools are conspiracy theories
DRS is the way
For the
Paralyze the sons of bitches..
How does DRS do anything when there will always be non-DRSed shares, and as the article mentions, naked short selling is still ‘legal’ with certain (bullshit) conditions?
Legal naked short selling? Wtf?!?
Ma Liquidity ya know.....
brought to you by the finest fractional reserve banking cartel
Yeah, market makers have that exemption apparently for providing their “liquidity”
Designated Market Makers are allowed to provide liquidity albeit they are all using that reg SHO bona-fide in a malicious setup with their cronies to flood the market and fail to deliver due to the “cOmPLexITy” of markets. Combine it with ETFs shorted x10 available stocks, swaps and options and you got yourself gamestop. All major participants and regulators know this but this time it will explode. CFTC tries to help everyone with a curtain in front of the swap data. They get way too few questions about that. My opinions and assumptions.
Yeah, market makers is allowed to naked short in the name of liquidity
Give them an inch and they'll take a yard, this shit gunna be blackhole level of insanity once it pops.
They are slowing painting the narrative that what they are doing is legal...because they need to provide liquidity. If they slowly here and there say it's legal...it will be legal in their minds...and that they're doing nothing wrong...hence they think they'll deserve a bailout.
ah yes I like to legally deal heroin
what is next level of DTCC crimes, legal murder ?
Maybe because it‘s from 2005? Idk though.
Exactly what I'm thinking as my asshole attempts to shape one of my turds into the shape of Mike C. Bodson's face just to be dropped into the toilet. What Teh Fuck? How is he allowed to say that without risking ridicule or exposure?
Insert „There is no naked shorting“ „We are providing liquidity for the markets“ „There is some forms of legal naked shorting“ Clown Meme here
I read that and I was like, since when did we have legal short selling???
Some shortages…. Shouldn’t be an issue, shorts just need to close …. All good right?
What’s so hard to understand about legal crime?
Naked short selling is legal as long as you place the word “legal” in front of “naked”
Legal daylight robbery
Peacekeeping soldiers
Like clean coal.
Link to the full article;
Thanks for this
This whole article is actually amazing and explains in detail what has been happening since 1981. Bad players have been exploiting the system eversince, it’s time to end all this nonsense
In Texas we call that legal stealing
"I mean yeah you can claim a certificate, but we wouldnt be able to provide enough for everyone asking for one at the same time though because of the totally legal, transparent and non-predatory naked shorts you would paralyze the markets so we advise you not going that useless route." DTCC are a fucking bunch of pieces of über scheiße.
Genau!!!
Paper crisis lol
How can be naked short selling legal? please explain!
market maker exception. naked short selling CAN be legal for a market maker. as long as everyone keeps parroting "illegal naked shorts" no one will take us seriously. we need to push to make naked shorting illegal period, no exemptions.
Well, your buddies make the rules, and your other buddies enforce them, so yeah, you've just got to announce that a thing is legal, then it's all good 👍 😉
It has to do with the settlement period I think.
short answer: it can't, but crime... long answer:
I'm not sure but I thought I remembered that after 08 it was basically made illegal for institutions and individuals as part of some of the reforms, but Market Makers still have loopholes today. If you notice though the link to this article is from 2005.
This is a challenge right? I'm taking it as a challenge.
Yup this should be like a damn NFT marketplace, you see how many shares available, the price people are willing to sell, if price goes up as people buy depending on what the sellers are listing their shares for, just like, you know, a free and fair market..
I love the smell of DRS in the morning!
“legal naked short selling” is about as great of a term as “legal medical cocaine”
Or "transitory inflation"
legal naked short selling = liquidity fairy = CRIME.
In other words, we are making history 😎👍
Legal naked shorts, yeah.
The man didn't outright lie at least. I can acknowledge that
They’re complicit in all this shit. They spoilt the dividend to cover their friends. It’s fucked.
Also read the very last paragraph......your broker is fucking lieing to you....
Anyone sticking with DTCC aka brokers…
If having an honest balance sheet cripples the market maybe the market needs an overhaul.
*Insertbigshortmeme
DTCC are the fucking core of this ponzi scheme, Ken and friends business model wouldn't operate without them being the corrupt accountants.
Fucking GOT'EM. this tells us all we need to know. DTCC fucked around with retail AND WILL FINALLY FIND OUT. DRS THE SHIT OUT OF YOUR SHARES, MAKE THEM REAL FOR THE FIRST TIME
So how can you get a certificate? I know people who would never DRS their shares because of reasons, but they would gladly pay 40 Dollar for a certificate if that would help the course. And we are speaking about at least 8000 shares.
I almost passed out with a brain seizure when i read "LEGAL naked short selling."
“ The seller may also decide not to borrow the shares” [Willem Dafoe slapping his forehead gif] If I can’t do what I want to do, then maybe I… shouldn’t… break the law to do it!!!!
"Abusive Naked Short selling" was banned by the SEC after 2008. "Naked Short Selling" is legal in some circumstances, even when they FTD.
Lost me on legal naked shorting…WTF!!! I’m
Legal naked short selling? Thats illegal..?
Not for market makers supposedly. With that being said, that doesn’t mean that it should be legal, and it also doesn’t mean they these market makers can’t get fucked over by a mass DRS run.
Was anything mentioned in the article/interview what actually happens when there aren't enough certs to go round?
Taking something which should be solid, stone, ownership
Q: Do you have shares that exactly represent a company’s market cap per corporate issuance to legally exchange?
In Texas, we call that stealin’
Does that mean that he acknowledges that there is illegal naked short selling? 😏😏
Oh so that's how it works, well, let me just step outside and LEGALLY murder some random grandma then, smh
It really does not matter until it matters. This is not just a black swan event, this is a black hole swan event. This will absorb everything anywhere near it. Nothing that they say matters, merely what they are ultimately going to have to pay to close out their positions. The pool is drying up rapidly, whomever gets out first has the least piss on them.
What the actual fuxk. Cannot believe that I read this coming from a dtcc represantives mouth
Naked shorting is legal ? Fuck yea ! Where I can participate ?
“Oh relax, there would never be an issue of getting your certificate, unless of course there’s an issue getting your certificate, in which case you’d be fucked.”
Anyone else want to try demanding share certificates from their broker that won't allow DRS or transfers?
"Legal" short selling
BS, $40 to supposedly get a stock certificate. It's probably still an IOU after you do this.
Okay let’s see what happens then. DRS.
"There can be shortages"...
There normalizing the public to the upcoming occurrence so they can total rob us with new emergency legislation. It's really time we the people of planet earth come together and take our planet and God Givin right to be free back. Happy holidays everybody to you and yours. Just love you guys. Spread the word
Direct register your shares, or you are going to lose them is what I'm reading.
Do not buy certificates, DRS at computershare only!
Lol the ftx approach. “It’s totally all there just don’t try to withdrawal it hahahaha”
realize the SIPC just give you your money back - at the purchase price - not at the FMV. grandma bought $100 of apple in 1990 that is worth $15 million today? Broker fails, she gets her $100 back.
Legal naked shorts…up you go!
1970s paperwork crisis?
This website provides an solid overview of the paperwork crisis situation in the late 60s and early 70s in the US stock market; note that because this is from the Harvard Business Review it is obviously very procapital and paints the whole situation in a overly positive light:
So it’s legal for them to keep fucking us now? Cool cool cool.
What is “legal”naked shorting? I thought naked shorting was illegal, right Melissa lee
REMEMBER 🤔,,,
Legal naked shorting...
I mean they r not hiding it anymore
Lgf!
Cool story.
Gotta love this system
How is it legal short selling if there wouldn’t be enough certificates? In my brain the shares left without certificates would be synthetic shares which are created through naked shorting which is illegal.
Wow, damn!
"Legal naked shorting" need to follow up on that one.
Fractional reserve- first with banks, then crypto, now stocks.
Anon spokesperson? Insert Fry meme
"legal naked short selling". Undubiously my dear Watson.
Sorry if smooth, but isn't "legal naked short selling" k8nda like saying legal murder?
Ok then, I’m going to request the certificates for my XXXX IRA shares. Imagine if everyone did this with non DRS’d shares. Sounds like they may have a problem
Legal naked short selling?
Comment for uppability
"Legal naked short selling"
What is legal naked short selling?
Reminder that market makers can legally naked short in the name of liquidity.
Can we request our own certificates for our retirement funds, then???
Straight to prison with those thieves and terrorists. Public enemy and enemy to humanity.
“Legal naked shorting” LOL. OKAY
This is why E*Trade said I could have share certificates. For $500 a pop. I'm in a Cash account Roth IRA. I just wanted it for novelty sake. And not GME either. Another company. Automotive (F)
Naked shorts, yeah
I thought naked shirt selling was illegal? Oh no, it’s called providing liquidity for market makers
Illegal naked shorting 🙊 they said it !
Lol
How recent is the article, though? From my (admittedly limited and potentially incorrect) understanding of the situation with paper certificates, the transition to full digital only happened last year.
Doesnt change anything, they just mean there wont be enough real shares
That paragraph is a fucking roller coaster.
From the googlé… If you bought the security through a brokerage firm, contact the firm and ask if they have a record of your ownership. Brokerage firms are required to keep records for only six years. Copies of confirmations are only required to be kept for three years. From the smooth brain should we even bother if we are DRSing
Let's fuck them up 😉 DRS 🚀
Interesting to peek in on the trident case to see what they drudge up (e.g. how did they calculate that 2.3M estimate?)
Gross.
And a lawsuit
Tacked Jitties
Wow
IOU's all the way down. Bank run on certificates will ass fuck them. Get the dildos ready
Oh wow
So is this DRS for the people who can’t DRS??
Let's get this trending on Twitter
What the fuck is legal naked short selling? Like seriously...I thought naked short selling was illegal...
Naked shorts, yeah
The "Emperor" wears no clothes.
Uh oh
What is this "legal naked short selling" they speak of?
so naked shorting is not a conspiracy theory???
LeGaL nAkEd ShOrT sELLiNG
I love when they say the quiet part out loud
There no form of “legal naked short selling” am I wrong?
"There can be fraud."
Some legal naked shorting?? Thewutt?
So anyways, I kept on DRSing my shares
“We have your shares, but please don’t request them.”
Unlikely occurrence you say…in this world always expect the unexpected
What did Hester say now?
HÃ!
Looks good . CTS.to ready to soar too, possible buyout in future also
A wise man once said: In Texas, we call that stealing.
DRS 💎 🙌
Still blows my mind we are taking this company out of their hands... Amazing
DRS
Everybody getting what they paid for = paralyzing the system? Sounds like a broken system if it relies on theft 😂
"legal naked short selling"?
Would it be 40 bucks a share? Or would one certificate say how many shares I actually own?
That's what I call a death wish. We'll fuckin make it happen.
“RAMPANT ILLEGAL naked short selling” there I fixed it
Wait, doesn't this say that they will issue stock certificates if we ask for them for $40? And that if everyone did this, it would cripple their system?
I asked my broker several times for certification, RBC said since covid they don't give them out.. fucking liars
Read the whole article. It's pretty insightful.
They justvqant to hide the fraud with more fraud in a fraudulent system that has no rules but fraud is illegal right? So who tells the DTCC or CITADEL for naked shorting that their actions are illegal? Who will stop them?
Well fuck your liquidity and fuck your legal fucking robbery of the hard working common folks. It's time to end this, DRS for change. DRS to destroy the system.
"Legal naked short selling" exsqueeze me? Lol
They know it. We know it. Tick tock
Would paralyze our capital market system, you say? 👀
"Legal naked shorting"? TF
How the fuck is naked short selling in any form legal? If I tried it I would be fined more than my life's earnings and then some and then sent to jail.
Ok, so how do we request these certificates? Just DRS?
You can only get a paper certificate if your shares are booked … but GameStop has paper certificate requests suspended .. hm.