Parking
A form of kiting shares that a brokerage commits by moving long positions in unrelated accounts to cover short positions that are improperly settled according to SEC regulations. Investopedia Says:
When parking shares, brokerage firms are attempting to cover undeclared short positions left over from transactions whose stock was not delivered by the settlement date. Rather than performing a buy-in transaction, these firms collude with one another and, by delaying the settlement process, inflate the number of shares available for trade in the secondary market. Related Terms:
Clearing
Cover
Kiting
Pairing Off
Secondary Market
Settlement Date
Short Covering
Short Interest |