Hacker News new | past | comments | ask | show | jobs | submit login

In case the borrower fails to deliver, the broker lose license, ok understood, but what about the stock itself? Does the transaction gets rolled back? Or will the total number of shares be permanently increased at the cost of the broker's license?

Edit: The lender must write off the stock?

Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | Legal | Apply to YC | Contact