Hello,
My broker has advised me that they have received 20 shares short against my purchase. I have been further advised that the shortage may be met by auction and shares will be credited to my account after that. As i understand that the seller must have gone to auction and some penality will be there on him.
Now my question is does the buyer get some compensation from this ammount because due to non receipt of shares he may not be able to sell for 3-4 days.
Regards
My broker has advised me that they have received 20 shares short against my purchase. I have been further advised that the shortage may be met by auction and shares will be credited to my account after that. As i understand that the seller must have gone to auction and some penality will be there on him.
Now my question is does the buyer get some compensation from this ammount because due to non receipt of shares he may not be able to sell for 3-4 days.
Regards