Specialiasts' limitations--if any?

Discussion in 'Trading' started by Option Trader, Jun 29, 2008.

  1. Is it true that a specialist could do naked shorting without restriction for a certain limited period of time (3 days?? 14 days??)?

    Are they also able to get around the above restriction by selling from one account to the other, & then they can start again?

    If yes to the both above, what would stop him from just selling an infinite amount of any stock till he clobbers all the longs?