Naked short selling is the practice of short-selling a stock without first borrowing the shares or ensuring that the shares can be borrowed as is normally required. It was declared illegal after the financial crisis of 2007-2008 due to its potential to cause undue price manipulation and market downturns. Naked short selling involves selling shares that the seller does not own, hoping to buy them back at a lower price in the future.
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Jenna Lofton, an expert in stock trading, investing, and financial planning, combines over a decade of experience with rigorous academic training. Holding dual MBAs in Finance and Business Administration from the University of Maryland, Jenna's expertise is grounded in a deep understanding of the financial markets. Her career, which started on Wall Street, has evolved into empowering others through her insights and analyses in the dynamic world of finance.
Based in New York City, Jenna's approach is informed by her hands-on experience as a former financial advisor and her keen observation of market trends. She is known for translating complex financial concepts into actionable strategies, making her a valuable resource for both seasoned investors and newcomers to the stock market. Her commitment to financial literacy and her ability to demystify investment principles have made her a respected and authoritative voice in the investment community.