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Ebix Inc. Message Board

  • patient2invest patient2invest Mar 8, 2013 4:15 PM Flag

    Failure to deliver

    Regulation SHO requires brokers and dealers that are participants of a registered clearing agency to take action to "close-out" failure-to-deliver positions ("open fails") in threshold securities that have persisted for 13 consecutive settlement days. Next week should be interesting since I believe that there had to be a lot of failures in this latest attack.

 
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