10/21/2016 149 BRIEF in opposition to JOINT MOTIO
Post# of 11038
Quote:
The Brokerage Defendants’ motion to dismiss is a transparent, but legally and factually
incorrect, effort to disrupt settled expectations of the industry and shift blame to their thousands
of respective customers. In doing so, the Brokerage Defendants are attempting to avoid their own
liability for refusing to return the wrongfully-obtained funds (despite actual and constructive notice
of the erroneous due bill credits), and avoid their responsibility in the marketplace to reverse
erroneous debits made by DTCC.
https://drive.google.com/file/d/0B4bO_PuRhSJQ...sp=sharing
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Quote:
If the broker-dealer fails to deliver for 13 days, the regulation imposes a “close out” duty to purchase and deliver securities “of like kind and quantity.”
https://www.bloomberg.com/opinion/articles/20...ify%20wall
https://www.scotusblog.com/case-files/cases/m...v-manning/