'Naked Shorting' Case Lurks in Refco's Past - WSJ - refco naked shorting


refco naked shorting - Naked short selling - Conservapedia

Naked short selling, or naked shorting, is the practice of short-selling a tradable asset of any kind without first borrowing the security or ensuring that the security can be borrowed, as is conventionally done in a short sale. When the seller does not obtain the shares within the required time frame, the result is known as a "failure to deliver" ("FTD"). Refco was a New York-based financial services company, primarily known as a broker of commodities and futures e-witch.info was founded in by Raymond Earl Friedman as Ray e-witch.infoan and e-witch.info to its collapse in October, , the firm had over $4 billion in approximately , customer accounts, and it was the largest broker on the Chicago Mercantile e-witch.infoarters: New York City, United States.

Oct 20,  · Naked shorting. Meanwhile the Journal reports the firm faces problems as part of various probes into the practice known as "naked shorting." Generally . May 11,  · The keystone to the argument is the $million mystery liability. The $billion line item, and the concern expressed by "investigators" that there might have been a lot of naked shorting going on at Refco, merely underscores the high liklihood .

Naked shorting. Naked short selling is a case of short selling the shares without first arranging a borrow and, therefore, selling but not delivering shares. The Securities Exchange Act of stipulates a settlement period up to three business days before a stock . Refco Inc.'s high-profile meltdown has given more prominence to a controversy that has been simmering on the back burner of the stock market for several years. At issue is "naked shorting" of Author: John R. Emshwiller.