(Total Views: 270)
Posted On: 03/07/2019 1:12:25 PM
Post# of 72447
Thanks for posting that link. I wonder how many shares short they are. on IPIX?
FINRA also found that Cantor failed to timely remediate issues identified by its personnel. This was not reasonable considering, among other things, the firm’s prior disciplinary history relating to Reg SHO. As a result, Cantor did not timely close-out at least 4,879 fails-to-deliver, and routed and/or executed thousands of short orders in those securities without first borrowing (or arranging to borrow) the security or issuing notice of the need for a pre-borrow to the broker-dealers for whom it cleared and settled trades.
Long of OSTK posted Schwann is paying him 9.5% daily to borrow his shares. Interesting to see if that comes into play here in the future. Go IPIX!!!
FINRA also found that Cantor failed to timely remediate issues identified by its personnel. This was not reasonable considering, among other things, the firm’s prior disciplinary history relating to Reg SHO. As a result, Cantor did not timely close-out at least 4,879 fails-to-deliver, and routed and/or executed thousands of short orders in those securities without first borrowing (or arranging to borrow) the security or issuing notice of the need for a pre-borrow to the broker-dealers for whom it cleared and settled trades.
Long of OSTK posted Schwann is paying him 9.5% daily to borrow his shares. Interesting to see if that comes into play here in the future. Go IPIX!!!
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