Those types of trading are not possible with OTC a
Post# of 39368
Posted On: 03/03/2015 10:37:20 PM
Those types of trading are not possible with OTC and certainty not grey market stocks like TECO. The fact remains that the NSS are not the boggie man here.
1 The mechanism they used was called "deep money calls" to recycle the fails to avoid triggering the buyins. The strategy required the stock to have options traded which can only occur on exchange traded stocks. OTC issues do not have options trading.
2 The loophole in the regulations that allowed that work around was closed in 2010 specifically BECAUSE of what happened to Overstock. It was closed by SEC Rule 204.
3 The Overstock FTD's were not hidden. They were plain as day. What happened is they were able to perpetuate the fails. There are no fails on TECO... So nothing to perpetuate.
1 The mechanism they used was called "deep money calls" to recycle the fails to avoid triggering the buyins. The strategy required the stock to have options traded which can only occur on exchange traded stocks. OTC issues do not have options trading.
2 The loophole in the regulations that allowed that work around was closed in 2010 specifically BECAUSE of what happened to Overstock. It was closed by SEC Rule 204.
3 The Overstock FTD's were not hidden. They were plain as day. What happened is they were able to perpetuate the fails. There are no fails on TECO... So nothing to perpetuate.
(0)
(0)