A Global Margin Call has been issued.
The markets have been taken over by high tech algorithm thieves operating in plain sight if the SEC and the exchanges. The exchanges care only about the volume of trading.
Keep up the good work
Like out of control dragnet fishing, that will lead to the disappearance of the retail investor who will refuse to swim with the sharks.
Don't try to pretend to be a ZIOP investor with borrowed money and rented shares.
Ironic, that short enabling margin users buying/selling calls are the focus of RobCos and the other margin using maggots.
I loe the smell of scorched share renting fools
The Zika virus is not a supplier of shares to the shorts like the margin using moron nobrainrequired and the other sub prime old Elan trash.
Would like to have seen RobCos highlight and spotlight this case.
Most boards are now infested with share renting trash
After 5 years of iolating the rules a measly 15 Million fine which may never be collected.
No wonder the SEC is yet another example of a useless, criminal enabling government agency.
"The settlement merits close study because it sheds light on one of Wall Street’s most secretive and profitable arenas: securities lending and short-selling"
Selling stock short without first locating the shares for delivery is known as naked shorting. It is a violation of Regulation SHO, a 2005 S.E.C. rule. Goldman’s failure meant that some of its clients were unknowingly breaching this important rule.
The S.E.C. has said that naked shorting can be abusive and may drive down a company’s shares. Therefore, brokerage firms are barred from accepting orders for short sales unless they have borrowed the stock or have “reasonable grounds” to believe it can be secured. This is known as the “locate” requirement.
Goldman violated the rule from November 2008 through mid-2013, the S.E.C. said. Through that period, which included the market decline of early 2009, the firm was “improperly providing locates to customers where it had not performed an adequate review of the securities to be located.”
A nastier bunch of bitter imbeciles would be hard to find.
They have turned the Idiotvillage board into a sewer.
the ammo suppliers.
And when you get in the way of the slugs from the thugs, you are just collateral damage.
even worse, when those fee feeders rent their guns for a fee to the short criminals. Just as guilty as a getaway driver from a bank heist.