In an effort to create board harmony I have decide
Post# of 72440
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Posted On: 08/02/2017 9:25:48 AM
In an effort to create board harmony I have decided to include a link from this point forward with my daily FINRA short volume report. I will however continue to only post the information on IPIX since I am invested in IPIX and have been for some time. I am well aware of the damage done to the company and its shareholders by the abusive naked short sellers who are criminals. I look forward to the day they are prosecuted. No doubt many other companies are targets of the short sellers but I only post the ones I am a long term investor in. The SEC asked FINRA to build that site and post the short volume information after realizing just how rampant the problem was.
Here is just one example: "FINRA found that UBS' Reg SHO supervisory system regarding locates and the marking of sale orders was significantly flawed and resulted in a systemic supervisory failure that contributed to serious Reg SHO failures across its equities trading business. First, FINRA found that UBS placed millions of short sale orders to the market without locates, including in securities that were known to be hard to borrow. These locate violations extended to numerous trading systems, desks, accounts and strategies, and impacted UBS' technology, operations, and supervisory systems and procedures. Second, FINRA found that UBS mismarked millions of sale orders in its trading systems. Many of these mismarked orders were short sales that were mismarked as "long," resulting in additional significant violations of Reg SHO's locate requirement. Third, FINRA found that UBS had significant deficiencies related to its aggregation units that may have contributed to additional significant order-marking and locate violations." https://www.finra.org/newsroom/2011/finra-fin...upervisory
And that is but the tip of the iceberg.
Now if you choose to also post the report even in its entirety have at it as the more exposure of the criminal behavior the better.
There is a problem in our markets and it needs to be exposed for all to see and corrected before the system crashes. We don't need another meltdown like we had in the most recent financial crisis where few are prosecuted and the cost to taxpayers is enormous. (Remember those liar loans?)
If you or any other investor reading this post is invested in a stock targeted by abusive short sellers I would encourage them to post the FINRA short volume daily so that fellow investors can begin to understand the problem.
As increasing numbers of investors understand the problem and demand change from regulators the more likely it is to happen. I also encourage all to contact their Congresscritter and demand an end to naked shorting. It is long overdue. Go IPIX!!!
Here is just one example: "FINRA found that UBS' Reg SHO supervisory system regarding locates and the marking of sale orders was significantly flawed and resulted in a systemic supervisory failure that contributed to serious Reg SHO failures across its equities trading business. First, FINRA found that UBS placed millions of short sale orders to the market without locates, including in securities that were known to be hard to borrow. These locate violations extended to numerous trading systems, desks, accounts and strategies, and impacted UBS' technology, operations, and supervisory systems and procedures. Second, FINRA found that UBS mismarked millions of sale orders in its trading systems. Many of these mismarked orders were short sales that were mismarked as "long," resulting in additional significant violations of Reg SHO's locate requirement. Third, FINRA found that UBS had significant deficiencies related to its aggregation units that may have contributed to additional significant order-marking and locate violations." https://www.finra.org/newsroom/2011/finra-fin...upervisory
And that is but the tip of the iceberg.
Now if you choose to also post the report even in its entirety have at it as the more exposure of the criminal behavior the better.
There is a problem in our markets and it needs to be exposed for all to see and corrected before the system crashes. We don't need another meltdown like we had in the most recent financial crisis where few are prosecuted and the cost to taxpayers is enormous. (Remember those liar loans?)
If you or any other investor reading this post is invested in a stock targeted by abusive short sellers I would encourage them to post the FINRA short volume daily so that fellow investors can begin to understand the problem.
As increasing numbers of investors understand the problem and demand change from regulators the more likely it is to happen. I also encourage all to contact their Congresscritter and demand an end to naked shorting. It is long overdue. Go IPIX!!!
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(2)Innovation Pharmaceuticals Inc (IPIX) Stock Research Links
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