Article: Overstock’s Blockchain and the War Against Naked Shorting

Article - Media
12875

Overstock’s Blockchain and the War Against Naked Shorting

Jacob Dienelt

coindesk, 14 November 2016

Sometimes called the “Pariah of Wall Street”, Overstock CEO Patrick Byrne has spent decades fighting against a suspect practice known as “naked short selling”.

Naked short selling, or a naked short, occurs when a trader sells a share of stock without first procuring a “borrow” – an assurance that the shares are available to be delivered. This can lead to more shares being shorted than can actually be delivered to the buyers.

Read full article.

12875