Official SEC document regarding regulation SHO describes both illegal and legal ... | Hacker News

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		ferdek on Dec 13, 2022 \| parent \| context \| favorite \| on: The death of Rackspace’s ‘fanatical support’ Official SEC document regarding regulation SHO describes both illegal and legal cases when you can "just" fail to deliver [0]. Market makers which also happen to have hedge-fund branches are having the most flexibility in this. [0] https://www.sec.gov/investor/pubs/regsho.htm

tdees40 on Dec 13, 2022 [–]

So it may not be illegal in all cases (although it is in many cases), but how does failing to deliver close out a short position?

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