The post https://theintercept.com/2016/12/15/whistlebl...ed-shorts/
is an interesting read. Actually, FINRA and not the SEC took action against Knight Capital. You can read the FINRA letter of acceptance, waiver and consent on link http://disciplinaryactions.finra.org/Search/V...ment/66900.
You can't read the direct link. To read the document:
1) In Document Text type: Knight Capital
2) Check the box: "By selecting this box, I agree to the Terms of Use"
3) Click Search
4) Click the 5th page link
5) You will see the FINRA disciplinary action document against Knight Capital with Action date 11/22/2016
I've added all stocks with failure to deliver of Knight Capital and it's a total of 3616 stocks Knight Capital has violated with rule 204 of Regulation SHO.
Knight Capital is fined only $ 105.000 which is laughable, but it's for violation of these rules. The question is, how much money did Knight Capital make by violating these rules and not close out their short position? How many shareholders were ripped off by the practices of Knight Capital?
Companies who think their stock is involved in shorting/naked shorting should have their lawyers look into this and see if their stock is part of the 3616 stocks that Knight Capital shorted and did not close out and perhaps do something about this. Isn't Ihub and Knight Capital connected in some way?
What I find interesting in this Intercept post is the comment from user "Observer":
"When I was investigating penny stock pump & dumps at the SEC ten years ago, Knight was one of three main players enabling the promoters to carry out their blatant schemes – often hosting the trading accounts of the boiler room operators. Look into the original owners of Knight – you have convicted felons and many-times-banned stock fraudsters. The only reason Knight is in existence is that senior officials at the SEC and NASD were bribed to allow it.
I would love for Knight to sue me for defamation, because the ensuing discovery process would send many of their officers and many SEC former officials to prison."
And this is why Ihub has been allowed to exist for such a long time in my view. If we as regular traders are aware of what's going on on Ihub, would you not think the SEC with their high level investigators know what's going on on Ihub? There must be corruption and big money involved for allowing this to happen and to manipulate stocks on forums with blatant lies and rip off shareholders.
is an interesting read. Actually, FINRA and not the SEC took action against Knight Capital. You can read the FINRA letter of acceptance, waiver and consent on link http://disciplinaryactions.finra.org/Search/V...ment/66900.
You can't read the direct link. To read the document:
1) In Document Text type: Knight Capital
2) Check the box: "By selecting this box, I agree to the Terms of Use"
3) Click Search
4) Click the 5th page link
5) You will see the FINRA disciplinary action document against Knight Capital with Action date 11/22/2016
I've added all stocks with failure to deliver of Knight Capital and it's a total of 3616 stocks Knight Capital has violated with rule 204 of Regulation SHO.
Knight Capital is fined only $ 105.000 which is laughable, but it's for violation of these rules. The question is, how much money did Knight Capital make by violating these rules and not close out their short position? How many shareholders were ripped off by the practices of Knight Capital?
Companies who think their stock is involved in shorting/naked shorting should have their lawyers look into this and see if their stock is part of the 3616 stocks that Knight Capital shorted and did not close out and perhaps do something about this. Isn't Ihub and Knight Capital connected in some way?
What I find interesting in this Intercept post is the comment from user "Observer":
"When I was investigating penny stock pump & dumps at the SEC ten years ago, Knight was one of three main players enabling the promoters to carry out their blatant schemes – often hosting the trading accounts of the boiler room operators. Look into the original owners of Knight – you have convicted felons and many-times-banned stock fraudsters. The only reason Knight is in existence is that senior officials at the SEC and NASD were bribed to allow it.
I would love for Knight to sue me for defamation, because the ensuing discovery process would send many of their officers and many SEC former officials to prison."
And this is why Ihub has been allowed to exist for such a long time in my view. If we as regular traders are aware of what's going on on Ihub, would you not think the SEC with their high level investigators know what's going on on Ihub? There must be corruption and big money involved for allowing this to happen and to manipulate stocks on forums with blatant lies and rip off shareholders.
