Is it true that a specialist could do naked shorting without restriction for a certain limited period of time (3 days?? 14 days??)?
Are they also able to get around the above restriction by selling from one account to the other, & then they can start again?
If yes to the both above, what would stop him from just selling an infinite amount of any stock till he clobbers all the longs?
Are they also able to get around the above restriction by selling from one account to the other, & then they can start again?
If yes to the both above, what would stop him from just selling an infinite amount of any stock till he clobbers all the longs?