NAKED SHORTING...MUST READ!! 78% of all market
Post# of 194
NAKED SHORTING...MUST READ!!
78% of all market making in the pinks and otc is performed by nite and nite's cohorts ubss and a few marketmakers who give trades to nite like etrade.
http://en.wikipedia.org/wiki/Cayman_Islands_Stock_Exchange
http://www.hedgeweek.com/2009/10/22/cayman-islands-stock-exchange
http://www.csx.com.ky/announcements/announcements.asp?Id=976
look - http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=20703150
http://www.csx.com.ky/announcements/announcements.asp?Id=976
example: Overstock.com Naked Shorting Lawsuit Ends In A Whimper
http://seekingalpha.com/article/318773-overstock-com-naked-shorting-lawsuit-ends-in-a-whimper
the ubs ubss connection to naked shorting
Why List Structured Debt On The Cayman Islands Stock Exchange? ... UBS' Fourth Annual Transportation Structured Debt Conference Runs May 8-9 in New York. ... www.encyclopedia.com/doc/1G1-162687421.html
The Cayman Islands Stock Exchange - The Official Website of The ... http://cayman.getjamaica.com/cayman_islands_stock_exchange.htm
A detailed review of the Cayman Islands Stock Exchange. ... Merrill Lynch, Deutsche Bank, Chase Manhattan, Salomon Smith Barney, UBS and Lehman Brothers ... why do these market makers like ubs and j p morgan chase need to be offshore in the cayman islands stock exchange?
nite sells the naked short to ubss. ubs sells to a client who wants it,in a numbered account in the cayman's stock exchange.
it is their proprietary market making system. since they are selling for a retail client at the end of the chain, they do not feel obligated to cover the naked short. it is really easy if you look on level2 you will see ubss working in and around nite. imho prove i am wrong.
there are no married puts in the pink or otc market, no need to be that exotic. it is simple stealing,from the unsuspecting u.s. people. all done offshore to hide everything.
(posted by AlanC)
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NITE appears to have deposited billions of dollars worth of electronic markets in retail trading accounts. ETrade has inventory issues for a number of stocks. I am sure Scottrade and TDAmeritrade have the same problems.
When is the US Treasury going to step in and force them to cover? How much of that cash is sitting off-shore untaxed?
(reply by SevenTenEleven)
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