Phil Cannella Crash Proof Retirement
Phil Cannella Crash Proof Retirement – Phillip Cannella Crash Proof Retirement: Phil Cannella Crash Proof Retirement. Short Selling: Legal or Illegal? Phil Cannella Gets the Answer Straight From the Former Inspector General. Phil Cannella delivers answers straight from the experts over and over again, just as he does in this clip taken from his two-hour interview with the former Inspector General of the SEC, H. David Kotz about the topic of short selling.
Phillip Cannella Crash Proof Retirement
If you know anything about short selling, you may wonder where it stands legally.
On the surface, short-selling seems valid, since it is simply the act of betting that stock prices will drop, which is just the opposite of traditional trading in which profits are made when stocks go up. While controversial, the problem only comes in when this process is manipulated and exploited to make stock prices go down once the stock has been short-sold.
Kotz explains to Phil Cannella that short-selling can be legal or illegal depending on how you go about it. Legally, you can say that you believe a stock will go down and bet on that in the market, but if you manipulate the stock by propaganda or rumors, that can be perceived as illegal activity.
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