Fined $2 Million for Short-Selling Reporting Violations
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05/13/2015 | 10:29am US/Eastern
Morgan Stanley will pay $2 million to settle charges that a unit failed to fully report its short-interest positions over a period of more than six years, the Financial Industry Regulatory Authority said Wednesday.
Finra said that Morgan Stanley & Co. LLC violated short-interest reporting and short-sale rules by failing to completely and accurately report its short interest positions in certain securities involving billions of shares.
A representative for Morgan Stanley couldn't immediately be reached for comment.
Finra also said that Morgan Stanley's supervisory system was deficient as it failed to detect and prevent the violations.
Firms are required to regularly report their total short positions in all customer and proprietary firm accounts in all equity securities to Finra. The information is then published by Finra or the listing exchange.
Visa, Amex settle transactions BUT the stock exchange cant
they cant figure out how to borrow a share and report it
and it goes on and on.. steal all you can pay pennies.
what accounts? what stocks did they naked short? how much money was stolen?
During one 13-month period, the bank failed to report short positions on nearly 4 billion shares held in “certain proprietary accounts of its foreign affiliates,
how else did this stock fall like this? Longs didnt dump. Fake Logs shares never borrowed sold at the market makes it look like a panic, (LL) did just that... add in the fake shareholder lawsuits and all the other short selling tricks from handbook,,,
now what thugs would give this news story a thumbs down? move along thugs
get the list of names
letting offshore thugs naked short public companies,, (LL) had plenty of damage from bear raid
lets see this list of companies,, 4 BILLION shares
Naked shorting thanks to Morgan, helped PUSH stock off a cliff... US investors panic on freefall thanks to raid..
what is it? dirt dust reduce power increase cost. anyone work for FSLR do they use a feather duster?
only sellers are FAKE longs,, driving it down on that FRAUDS report
and the SEC lets him front for shorts who were run over
real estate broker NOW a Cancer research Doctor in 1 day.. enjoy get robbed longs while SEC watches
IF you know MGT, tell them to issue a special dividend will force settlement and KILL shorts