325 R.I.P. Wall Street & CNBC - They just admitted the illegal practice of Naked Shorting exists! ON LIVE TV. (files.catbox.moe) posted 3 years ago by queue-anon 3 years ago by queue-anon +325 / -0 120 comments share 120 comments share save hide report block hide replies
No, I naked short means you don't have a spread or covered shares.
A NAKED SHORT IS NOT ILLEGAL, you can short a position without covering it. That's entirely different than a brokerage not owning what they allow to be shorted