Title: almost content free and dangerously misleading
Product review: This book can be summarized thus: the reasons to use SSFs are:a. Better leverage [false with portfolio margin]b. Tax avoidance [usually false, since the methods described by the author can be classified as "constructive sale" by the IRS]Everything else the author says is either exchange-generated boilerplate or would work just as well with "SSF" replaced by "stock".As far as I can tell, the main reason for the existence of SSFs in this day and age is that you can essentially do naked shorting with them [no locate is necessary]. Nothing is free, and in the case of SSFs, the spreads are much wider than for the underlying equity, plus you need to roll them, if you want to hold the position for a long time.
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