Citation 2, used for the statement The oldest documented example of a naked short in securities trading appears to be a 1609 maneuver against the Dutch East India Company by the Dutch trader Isaac Le Maire does not state what is claimed. The sole paragraph in the source to touch on it doesn't mention naked shorting. The paragraph in the source is Short-selling runs deep in financial history. Perhaps the first case dates to 1609 when the Dutch trader, Isaac Le Maire, targeted the shares of the shipping company Vereenigde Oostindische Compagnie (the Dutch East India Company). VOC was the first multinational corporation in history and had broad powers. Nonetheless, Le Maire, concerned about threats of attack by English ships, sold VOC’s shares short. After learning about Le Maire’s tactics, the stock exchange governing VOC’s trading banned short-selling (although the ban was later revoked)
Im going to remove the statement from the article but posting notice here so if anyone finds a source that actually backs up the statement they can re-add it. 50.234.188.27 (talk) 13:02, 1 November 2023 (UTC)Reply
