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Posted On: 08/11/2020 11:32:29 AM
Post# of 72444
I’m sure that naked short selling does not happen in today’s “well regulated” market. In case you did not recognize it, that was sarcasm...
“For example, from February 2014 to March 2016, the Firm filed only 3 SARs in response to 37 regulatory inquiries by FINRA and the SEC. In addition to failing to file SARs, the Firm could not demonstrate that it had even conducted investigations in response to certain of the regulators’ inquiries. Indeed, despite Interactive Broker’s growth, it filed fewer SARs in 2015 than it did in 2010. The Firm did not materially increase its SAR filings until well after FINRA staff began its investigation of Interactive Brokers’ AML program.”
“For example, from February 2014 to March 2016, the Firm filed only 3 SARs in response to 37 regulatory inquiries by FINRA and the SEC. In addition to failing to file SARs, the Firm could not demonstrate that it had even conducted investigations in response to certain of the regulators’ inquiries. Indeed, despite Interactive Broker’s growth, it filed fewer SARs in 2015 than it did in 2010. The Firm did not materially increase its SAR filings until well after FINRA staff began its investigation of Interactive Brokers’ AML program.”
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