Article: Naked shorting: The curious incident of the shares that didn’t exist

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Naked shorting: The curious incident of the shares that didn’t exist

Peter Koh, Helen Avery

EuroMoney, 27 March 2005

Shareholders and executives in some of the US’s smallest listed companies believe their share prices have been forced down by illegal naked shorting. This has led to a number of lawsuits, claiming unscrupulous behaviour by brokers and market-makers exploiting loopholes in the central clearing system. Those implicated dismiss the allegations as rubbish. What’s going on?

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