5 ms·
GME stock has been on nasdaq's "failed to deliver" list for about a month now. That means someone sold a GME share they didn't own (short) and failed to give it
by mox1 6y ago
GME stock has been on nasdaq's "failed to deliver" list for about a month now. That means someone sold a GME share they didn't own (short) and failed to give it to the new owner within the correct timeframe (3 business days I believe.)
Guess what the SEC has done about this blatant naked short selling. Nothing.
So while in theory naked short selling is illegal, in reality it is tolerate and allowed.