>>
Soros Fund Management, the Hungarian billionaires' $25 billion family office, was fined $200,000 by a securities regulator in Hong Kong over its aggressive 'naked shorting' of a locally listed company.
>>
Zim > $200,000 is peanuts for Soros and crew.
>>
After "erroneously" accounting for 1.6 million bonus shares to which Soros was entitled, the firm sold its entire 2.4 million share position in GWM short. However, the company hadn't loaded the shares onto its books yet, so the 1.6 million share 'short' position was effectively a naked short.
>>
Zim > In other words, he actually had the shares but he hadn't done
all the paperwork.
In my opinion, most 'naked shorts' are, in fact, 'THEFT' as the naked
sellers do not have or could not borrow the shares to sell short . . .
Zim.
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