(Reuters) – Online brokerage optionsXpress and five individuals were charged by the U.S. Securities and Exchange Commission on Monday with involvement in a so-called naked short-selling scheme. Short sellers sell borrowed shares in the hope they can be bought back at a lower price. Naked short-selling involves selling shares without first borrowing them. The SEC said optionsXpress engaged in a series of sham transactions that violated “Regulation SHO” a rule that requires equity securities to be delivered generally three days after the date of a trade. …
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