'Phantom Shares,' Failed Trades and Naked Shorts: Bloomberg TV

Bloomberg's Michael Schneider reports on the practice of naked short selling, its impact on companies such as Overstock.com Inc. and efforts by the Securities and Exchange Commission to combat abuses. Naked short selling involves selling stocks short without borrowing the shares first, meaning sellers theoretically can place unlimited orders to drive down a company's stock. Patrick Byrne, chief executive officer of Overstock.com, and others speak. (Source: Bloomberg)

Bloomberg | March 14, 2007

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