Learn more at http://www.thewallstreetconspiracy.com.
To all us financial lamens, the practice of "naked short selling" may sound harmless. But in reality, it's anything but. To begin with, short selling is an acceptable practice on WallStreet where traders borrow a security from a broker and sell it, with the expectation that it will be repurchased and returned in three days.
Naked short selling is different in the sense that it's where a seller never borrows the assets, but instead sells something they don't possess and then fails to deliver the repurchased shares. When this happens, the seller makes a ton of money but everyone else loses.
"It's a crack in our market that could bring down the country..."
Patrick Byrne
CEO, Overstock.com
Duration: 00:05
Source: YouTube Trailer, 00:00-00:05
To educate the public on this practice, Brown Saddle Films founder, Kristina Leigh Copeland, produced and directed a documentary in 2012 called The Wallstreet Conspiracy.
"[What is The WallStreet Conspiracy about]"
Kristina Leigh Copeland
Producer/Director/Owner, Brown Saddle FIlms
Duration: 00:14
Source: iPad Film
Caught in the crossfire of this little known but incredibly damaging practice are small companies that are run into the ground with counterfeit shares, as well as the lives of those who run and work for them.
"The bad guys not only looted...."
Wes Christian
Litigation Lawyer
Duration: 00:08
Source: Film File, 1:29:52 -- 1:30:00
The documentary received support from publications around the country. Not only was it well produced and thought provoking, but it shed light on a subject unknown in the non financial sector. To learn more about it or to watch the documentary yourself, visit http://www.thewallstreetconspiracy.com.
To all us financial lamens, the practice of "naked short selling" may sound harmless. But in reality, it's anything but. To begin with, short selling is an acceptable practice on WallStreet where traders borrow a security from a broker and sell it, with the expectation that it will be repurchased and returned in three days.
Naked short selling is different in the sense that it's where a seller never borrows the assets, but instead sells something they don't possess and then fails to deliver the repurchased shares. When this happens, the seller makes a ton of money but everyone else loses.
"It's a crack in our market that could bring down the country..."
Patrick Byrne
CEO, Overstock.com
Duration: 00:05
Source: YouTube Trailer, 00:00-00:05
To educate the public on this practice, Brown Saddle Films founder, Kristina Leigh Copeland, produced and directed a documentary in 2012 called The Wallstreet Conspiracy.
"[What is The WallStreet Conspiracy about]"
Kristina Leigh Copeland
Producer/Director/Owner, Brown Saddle FIlms
Duration: 00:14
Source: iPad Film
Caught in the crossfire of this little known but incredibly damaging practice are small companies that are run into the ground with counterfeit shares, as well as the lives of those who run and work for them.
"The bad guys not only looted...."
Wes Christian
Litigation Lawyer
Duration: 00:08
Source: Film File, 1:29:52 -- 1:30:00
The documentary received support from publications around the country. Not only was it well produced and thought provoking, but it shed light on a subject unknown in the non financial sector. To learn more about it or to watch the documentary yourself, visit http://www.thewallstreetconspiracy.com.
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