Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What happens when the broker finds that his client has not delivered the depository shares he has sold?

April 26, 2017broker client delivered Depository happens Shares sold

0

Posted

What happens when the broker finds that his client has not delivered the depository shares he has sold?

1 Answer

0

Posted

If the client does not deliver the shares he has sold, the broker could either deliver the securities himself, honour the commitment to the market and settle the matter subsequently with the client or purchase the securities from the auction and settle the trade.