Today Matt Taibbi posted a “shocking” article and video purporting to show a day trader engaging in massive naked short selling of a stock. And the firm that clears his trades, Penson Financial Services, goes along with it all. Taibbi says that day traders can have a huge impact on stocks when they engage in lots of naked short selling. For those not familiar with naked short selling of stocks , it’s something the Securities and Exchange commission prohibits Read more from the original source: Evidence of massive naked short selling. Or not.

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Evidence of massive naked short selling. Or not.