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Think''SHO''Tank RSS Feed

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Moderator ICEQUITY
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 ICESHOThinkTank TT  /    http://www.dailysho.com   /  Leave A New TT Post

This board will try to help IHub investors ensure that brokers and securities firms play by the rules, by informing investor of short sale trade data publicly available by Financial Industry Regulatory Authority. Topics should relate to the finra regsho short interest list which is publish daily. Please refrain from personal attacks and follow ALL of Investors Hub Rules and Regulations . Thanks and have a Nice Day!

We will also try educating investors of new SEC General Rules and Regulations promulgated under the Securities Exchange Act of 1934.

http://www.finra.org/Investors/index.htm . http://www.sec.gov/index.htm . http://investor.gov/ . http://regsho.finra.org/regsho-February.html . http://regsho.finra.org/FORFshvol20100226.txt http://www.otcbb.com/asp/OTCE_Short_Interest.asp

Regulation SHO- Establishing uniform "locate" and "close-out" requirements in order to address problems associated with failures to deliver, including potentially abusive "naked" short selling. Reg SHO requirements locate stock prior to short - borrow stock by T+3  deliver shares to counter party - force buyin by T+13 restrict account 90 days

http://sec.gov/spotlight/keyregshoissues.htm

TT First week has come and gone. I'm almost happy with the name, thanks to our board members suggesting some ICE. Thanks to all of you we have 31 board marks, almost more than NITE.  I'll will be adding new sections for discussions, lets look at what we posted a week ago. If you missed it was post #2    

ICESHORTEDStockQ
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47157888

26Feb2010|Symbol|ShortVolume|TotalVolume|Market
http://regsho.finra.org/FORFshvol20100226.txt

 

Schematic representation of naked short selling in two steps. The short seller sells shares without owning them. He then purchases and delivers the shares for a different market price. If the short seller cannot afford the shares in the second step, or the shares are not available, a "fail to deliver" results.



Monthly OTC Short Interest Report

http://www.otcmarkets.com/pink/marketactivity/short_interest.jsp

Short Interest is the total number of shares of a security that have been sold short by customers and securities firms that have not been repurchased to settle short positions in the market. Short selling is the selling of a security that the seller does not own, or any sale that is completed by the delivery of a security borrowed by the seller. Short selling is a legitimate trading strategy. Short sellers assume the risk that they will be able to buy the stock at a more favorable price than the price at which they sold short.

Short Interest Reporting Requirements

  • Effective July 2006, FINRA Rule 3360 was amended to expand short interest reporting requirements to OTC Equity Securities in all customer and proprietary firm accounts. OTC equity securities are defined as any equity security that is not listed on The NASDAQ Stock Market or a national securities exchange and includes Pink Sheet quoted securities. Short interest reports must be made as of the settlement date designated by FINRA.
  • Effective September 7, 2007, Rule 3360 was changed to require firms to increase the frequency of short interest reporting from monthly to semi-monthly cycles. The mid-month short interest report is based on short positions held by members on the settlement date of the 15th of each month. If the 15th falls on a weekend or another non-settlement date, the designated settlement date will be the previous business day on which transactions settled. The end-of-month short interest report is based on short positions held on the last business day of the month on which transactions settle.
  • After review by FINRA, the short interest data is consolidated by security and disseminated to the public, generally on the eighth business day after the reporting settlement date. See Short Interest Publication Schedule.
  • The first short interest information for OTC securities was available on July 26, 2006. Short interest information for prior months is not available. Each reporting period, on the publication date, Pink OTC Markets will publish short interest information for each OTC equity stock on www.pinksheets.com.
  

2010 News Releases

5/13/10   FINRA Fines Deutsche Bank Securities, National Financial Services a Total of $925,000 for Systemic Short Sale Violations
5/11/10   Florida Broker Barred for Selling Phony Financial Products, Taking More Than $1.9 Million From Clients
5/6/10   FINRA Orders Westpark Capital to Pay $400,000 for Failing to Supervise Brokers with Histories of Disciplinary Actions, Customer Complaints Who Churned Accounts, Engaged in Unauthorized and Unsuitable Trading
5/4/10   FINRA to Perform NYSE Regulation’s Market Oversight Functions
4/30/10   FINRA Proposes Expanding Arbitrator Selection Lists
4/29/10   FINRA Bars Prestige Financial Head Trader/Compliance Officer Who Scammed Customers Through Fraudulent Trading Scheme
4/27/10   FINRA Fines Five Firms $385,000 for Sale of Unregistered Securities, Other Violations Relating to Penny Stocks
4/22/10   FINRA Fines HSBC Securities (USA) $1.5 million, US Bancorp $275,000 for Auction Rate Securities Violations
4/20/10   FINRA Sets Regulatory Guidance for Investigating Private Placements
4/19/10   FINRA Charges McGinn, Smith & Co. and its President with Fraud in Sales of Unregistered Securities
4/12/10   FINRA Fines D.A. Davidson & Co. $375,000 for Failure to Protect Confidential Customer Information
4/7/10   FINRA Files Complaint Against Morgan Keegan & Company for Misleading Customers Regarding Risks of Bond Funds and Advertising, Other Violations
4/6/10   FINRA Fines Citigroup $650,000 for Direct Borrow Program Deficiencies
4/1/10   FINRA Fines Scottrade $200,000 for Pattern Day Trading Violations
3/31/10   Seattle Broker Rhonda Breard Barred for Defrauding Clients, Converting Customer Funds to Personal Use
3/18/10   FINRA Enforcement Chief Susan Merrill Stepping Down
3/18/10   Dallas-based Provident Asset Management Expelled for Marketing Fraudulent Private Placements Offered by Affiliate in Massive Ponzi Scheme
3/8/10   Applications Now Available for Military Spouses to Become Accredited Financial Counselors
3/4/10   FINRA Investor Education Foundation and United Way Worldwide Announce Nearly $1.5 Million in Grants to Support Grassroots Financial Education Projects
3/4/10   FINRA's National Adjudicatory Council Dismisses Charges of Alleged Supervisory Violations by Senior Personnel of Knight Securities
3/1/10   TRACE Reporting of Government Agency Debt, Primary Bond Market to Begin March 1
2/17/10   FINRA Proposes Further Expansion of Broker Information Publicly Available Through BrokerCheck
2/17/10   The Chartered Institute for Securities & Investment Announces Partnership With ICMA Centre and FINRA on Diploma in Investment Compliance
2/16/10   FINRA Fines H&R Block Financial Advisors $200,000 for Inadequate Supervision of Reverse Convertible Notes Sales, Suspends and Fines Broker for Unsuitable Sales to Retired Couple
2/2/10   FINRA Fines Firms $750,000 for Inadequate Anti-Money Laundering Programs, Other Violations
1/28/10   FINRA Foundation Announces $1 Million in Grants to Fund Securities Advocacy Clinics
1/25/10   FINRA Issues Guidance to Firms, Brokers on Communications with Public Through Social Networking Web Sites
1/14/10   FINRA Foundation Issues Seeking Solid Financial Footing for the Next Decade: 10 Tips for 2010
1/13/10   FINRA Investor Education Foundation and the American Library Association Announce $1.5 Million in Grants to Public Libraries to Support Grassroots Financial Literacy
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