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I'm going to hibernate till may, wake me up when the Gold is glistening and the silver is shining and keep the copper tea kettle warm and a nickel on the table for the CGFIA newspaper...
Hi Kitt glad your back there is nothing wrong with imagining,i'm imagining Gold to skyrocket and commodities to soar,hence CGFIA being a solid investment,Gold that is...and people need to eat so keep those silver tokens we'll make more...GO CGFIA...
Rattlesnake stew sounds good maybe that thing has some Gold teeth...CGFIA
No where to go but up a lot of accomplishment's getting thru the red tape, success in the horizon...GO CGFIA...
I think they stumbled upon it,but it's something none the less,Go CGFIA...
Here is an example of what finra was created for the protection of public co's that are being taken advantage of by unscrupulous mms and brokers for we don't know what goes on behind the scenes for they do not give news updates with what they are doing...CGFIA is current in there filing's and transparent...CGFIA working in conjuction with SEC and FINRA real partners with real goals..........UBS Fined $12M for Failure to Comply on Short Sale Regulations (Reg SHO)
October 26, 2011 in Regulatory, Securities Lending
“The independent regulator of brokers found that UBS placed millions of short sale orders to the market without ‘locates’ and in some cases included securities ‘that were known to be hard to borrow’”.
We are struck by the systems architecture screw-up that must have been necessary to miss millions of short sale orders (not shares, but orders). If the systems fix means that short sales will be forced through an “availability” gauntlet, execution will be slower. For high frequency traders, this is the kiss of death — even if it only adds seconds. For hard to borrow paper, the result can be even more extreme.
October 26, 2011
Tom Steinert-Threlkeld, Securities Technology Monitor
The amount pales in comparison to the $2.3 billion loss Zurich investment giant UBS took in its third quarter for an “unauthorized trading incident” that it says it detected but failed to act on.
But now UBS is taking a $12 million hit for failing to “properly supervise short sales of securities” as well.
The Financial Industry Regulatory Authority said it fined UBS Securities that amount for the supervisory failure and for violating Regulation SHO, which governs short-selling practices.
FINRA said millions of short sale orders were mismarked or placed by UBS in the market “without reasonable grounds to believe that the securities could be borrowed and delivered.”
In short sales, the seller sells a security it does not own. Reg SHO establishes rules by which the short seller must “locate” the amount of the security it must purchase or borrow in order to complete the sale. The seller must document it has located the security before the sale is conducted.
In addition, Reg SHO requires a broker-dealer to mark sales of equity securities as long or short.
http://www.investopedia.com/terms/r/regsho.asp#ixzz1bszBBosj
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’’ in stock trading.
The independent regulator of brokers found that UBS placed millions of short sale orders to the market without “locates” and in some cases included securities “that were known to be hard to borrow”
UBS also mismarked millions of sale orders in its trading systems, often saying the transactions were “long” sales, when they were not, the regulator said.
FINRA also found that UBS had significant deficiencies related to its aggregation units that may have contributed to additional significant order-marking and locate violations.
“The duration, scope and volume of UBS’ locate and order-marking violations created a potential for harm to the integrity of the market,” Brad Bennett, FINRA Executive Vice President and Chief of Enforcement, said.
Many of UBS’ violations were not detected or corrected until after FINRA’s investigation caused UBS to conduct a substantive review of its systems and monitoring procedures for Reg SHO compliance. FINRA found that UBS’ supervisory framework over its equities trading business was not reasonably designed to achieve compliance with the requirements of Reg SHO and other securities laws, rules and regulations until at least 2009.
In concluding this settlement, UBS neither admitted nor denied the charges, but consented to the entry of FINRA’s findings.
Where is Kitt P,it is quiet around here without you,did you buy some stock in CGFIA today...Go CGFIA...
News out cgfia files first XBRL quarterly report...Go CGFIA
I would suggest doing indepth dd there are promises being accomplished here although the laymen want's them all completed already it doesn't work that way in the real buisness world,sorry...Happy prospecting...CGFIA and SEC and FINRA working in conjuction real partners with real goals...CGFIA...
Let me rephrase this Uncle Guyer can take another co with bigger base of shareholders under his wings...Silver is shiney...CGFIA...
You are the only one who brought up the merger news today i think cgfia can merge with a bigger co myself...CGFIA...
Sign up to cgfia's newsletter they sent it to my email,CGFIA gigantic milestone...
Cgfia is a good Gold and metals investment and milling, a one stop shop...I am under the opinion of,good potential and going foward...CGFIA working in conjuction with SEC and FINRA real partners with real goals...
I bought CGFIA because I like the yellow metal,You know why the air bag in your car cost's so much because the contacts that activate it are made of Gold, why so when it sit's there for 20 years they won't corrode and it will work when you need it,just like CGFIA,a positive investment...
Purchasing energy with the yellow metal go for it...Go CGFIA...energy gets used up Gold remains...
the mms are going to short what they have at bid makes sense to me...CGFIA,SEC,FINRA...
UBSS and Credit Sussie fined by regulators for mismarking Short Trades and calling them Long, What really has been going on last few day's???...just keeping it real...CGFIA Working in conjuction with SEC and FINRA...
I concur...
You have to have told them when you opened it...LLTK...
Scottrade wont let me set only so high of % over ask,,,wonder why? Nite sound familiar and NSS...
Thank you kitt your doing a good job,,,CGFIA,SEC,FINRA working together to keep it real...
Some one is to, there buying.CGFIA,SEC and FINRA real partners with real goals...
That is what i am thinking the bubble is about to burst and there is Gold Nugget in there...
it's there look it up...
some brokers yea,,,we'll look at finras #s to...
Remember these guys use our money to buy the shares...this stock should be higher but they are going to hold it down by nss to keep from paying back the MONEY...and at the same time there making 100% profit...
yea Borgon, we really don't know how many are getting filled,but everyone wants to...after the last 4 days though watching they may need 1s to sell at 2 or may be covering now for the 2s this broker sold...time will tell...
don't see 30 and the 9s were done at the same time...only a few of you guys were filled,don't spend it all in one place...
All those 9s were 1 order from 1 broker...
It is going to be interesting to see if mms sell iou's the next 3 day's and than cover where are these shares really comming from ?...
Hi that is the site i suggested and there is a finra sit with the actual #s,get the word out,The market makers and powers that be need to be held accountable this is all co's protection...Unfortunately the last 3 buisness days have been just the opposite practiclly 300% short or air shares so they are still in a deep pit were ever these came from are not much and we can speculate... our resident caretakers are continually speculating dilution if they say this is dilution put on ignore this is enough to buy dinner at chris ruths steak house...we will keep eye on them mms and friends...Time will tell...Colorado Goldfields working in conjuction with SEC and FINRA "for the people" a real partnership with real goals happy investing and prospecting...
All cgfia can go to www.shortvolume.com...to show yesterdays activity...
Finra will have the numbers report later to see the activity of today mms have liberality here this a recorded statement without speculation...
Let the games begin i think i said that last night in one of my post...there here GO CGFIA...
Market Makers are borrowing our shares and selling them at 2...we'll see what finra says bottom line...
Yes and finra was created for all public co like cgfia for protection against corruption in the big boys world we need to hold them accountable...
IMO- No one can deny the Goals and Progress of GCFIA and to top this who they are attempting to come into compliance with,IMO- The most powerful entity in the world...top that...GO CGFIA,,now i have to get back to my buisness...
I am going to keep my eye on the Tiger, there have been enough buys this week for these 1s to be lunch money for those hedging against CGFIA...Finra's numbers show the mms are borrowing shares to sell, i will stick to the fact's now...Bob22701( he pm me) is going to post the weekly finra report Friday, i believe he said, we will see how big the hole there in, all i know is according to daily Finra numbers there digging a big hole...Colorado Goldfields working in Conjuction with SEC and FINRA a real partnership with real goals...GO CGFIA...I said earlier they are going to fight to keep it down, well???
Some new People were asking questons about this, good rerun...GO CGFIA...
No Doubt about that in my mind...Go CGFIA