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Answer this, if you choose
Federal law clearly states that your broker must have the security you purchased after the settlement date. That date is long past.
If anyone is able to acquire legal shares then there is no lock.
edit, edit again, and wrong
without a formal offer to all shareholders.
The T/A has represented their existance, attn: look in the ibox
How about ya answer that question you asked after looking in the ibox?
Hey dshade, was six years not long enough? lol
Wish I had time to work on this for other family members that have shares.
Got BCIT Certs? Ameritrade, Etrade, Scottstrade, JhDarbie, etc
On this one, BCIT, 2 Billion shares were sold on a 25 million A/S
4.5 million O/S and somewhat of a 400k float,
it is just part of there daily tasks
seems there are none here any longer
I should have edited, and rephrased the question to "Abusive Naked Short selling, isn't that a termonolgy of the SEC?
Do you still believe naked short selling is healthy?
Tell them harriet sent ya, you know, give a referal.
Got to love the BCIT T/A is active. Send CH email so it does not cost you a phone call, for your concerns, do you need CH's email address?
GOT CERTS?
If the brokers were to buy certificates from the Company thru the transfer agent, the restricted part would not be on there, right?
Thank you Mr. Megas for my BCIT Christmas card, :)))
Just a matter of time, Rock on Ohbull2000 :)
Are you doing what pammie/pino did at kinko's with BCIT certs?
I have some certs to sell, but the ink is still drying
I am long, but how much collateral did you put up to short BCIT, if you don't mind me asking? 2.2 mil shares, You have, per you.
Keep dreaming. You'll never see a cent from the likes of Ameritrade, ETrade, ScottTrade and others. At best they go to court and drag it out for years. Prove me wrong. Only then will you get an apology from me and me saying I was dead wrong about you.
Anvil, with the 1.3 Billion in Broker/MM's BCIT FTD's,
how much more do you want to add? DTCC holds 645,000 shares.
Can I short this stock? Looks like a good play. Any info would be appreciated
My fifth grader is watching, and she wants to know why the brokers/MM's sold BCIT what they did not own. She read the LBT timeline, thou tough for her to understand.
Many of you seem to want to destroy your brokers. That won't happen.
So janice shell, you admit mary's letter was deceptive, but not deliberate. Deceptive, never the less. Will it be someday recalled?
That's very interesting, but there's no reason to think Schapiro's letter to Grassley was deliberately deceptive.
Stating half truths to fit your Negative Presence, I saw you are an article writer for a company for the sole purpose of shorting, and that you are on their clean up crew. The disclaimer says you have no position, yet you are part of their company. The company shorts otcbb companies among others. The company has their disclaimer stating the short positions. Just doesn't seem legal.
This is going to go to big sister tomorrow, just got to think how I want to format it.
Very few penny CEOs have any real interest in their shareholder.
Megas sued his
Alexl, so your grandmother gets "half the stepped up basis" since BCIT last traded at .15
What Scottrade did was when he died he already had a joint account with my grandmother
Alexl, last trade was .15 for the "stepped up cost basis" regarding your grandfathers passing, any thoughts?
The account that has the BCIT shares was my grandfathers and he passed away last year.
Lakers17, you admit you currently have approx 2.2 mil BCIT shares, are you admitting/accusing yourself what you accused others of in your post 25064? Just what is a "sheep myopics"?
These people don't know how to sell and are total sheep myopics.
Hey janice shell, what do you think of this "Malfeasance" very similar to Mary's BCIT letter to Senator Grassey's office
http://www.let-bcit-trade.com/Files/20090720%20Letter%20from%20SEC%20to%20SFC.pdf
Justice Withdraws Inaccurate 'Fast And Furious' Letter It Sent To Congress
http://www.npr.org/blogs/thetwo-way/2011/12/02/143067851/justice-withdraws-inaccurate-fast-and-furious-letter-it-sent-to-congress?ft=1&f=1001
Categories: Legal, National News
06:14 pm
December 2, 2011
by Carrie Johnson
Under fire for losing track of weapons that turned up at crime scenes along the Southwest border, the Justice Department has taken the extraordinary step of formally withdrawing an inaccurate letter about the episode that it sent to Congress earlier this year.
Deputy Attorney General Jim Cole sent nearly 1,400 pages of emails and other documents to Capitol Hill late Friday afternoon that lay bare the raw and sometimes cringe-worthy process by which the letter was drafted. The materials contain clues into how misleading information about the botched gun trafficking operation made it into a Feb. 4, 2011 letter to Congress that department leaders have since acknowledged was false.
Misleading Congress can be a prosecutable offense if a person who makes the statements knows they are false.
EDIT, #3 You don't get it, IT is about the 1.3 billion FTD's the brokerages sold that they have no certs for, who ever you accuse or what, it is about the brokerages sold what they did not own.
DTCC has 645,000 to cover 1.3 Billion,
What does pearlasia's have to do with the 1.3 Bil FTD's?
The DTCC crime is 20x
janice shell
Share
Friday, December 02, 2011 11:24:14 PM
Re: hurley cruppers post# 144371
Post # of 144378
Pearlasia's a shareholder. She's not "innocent". She's a career con artist. How'd she get her stock, anyway?
<
Why don't you tell us,...she was ....?????? Scottrade met her on an Island.?
Ameritrade met her on another Island.
Etrade was pissed and met her on another island.
Raymond James had nothing to do with it.
The brokers sold what they did not own. Nice to sell 2 Billion shares on a A/S of 25 million., In one Month or so.
***********************************************************
post # 2
How come you defend pammie, but now you accuse pearlasia
WHAT GIVES
post #3
Admit js that there are 1.3 Bil FTD's
edit ,News to you, the 1500 BCIT LONG shareholders are innocent, LAW
Ask your FTD brokerages and market makers
tough luck for the limo 13
post 16,
You rob a bank, and tell the cops, money back plus interest
FUECK NO, it's called prison time, detectives/prosecutors turf.
Brokers stole from 1500 investors, and now the nancy, mary, issac and terry are trying to cover up
good luck, CH is on board from across the pond.
post 17,
Can't wait for the PR
post 18
I get 15 more posts tomorrow :)
probably from pammie
By contractual relationship with their clients, you agree the brokers have to deliver the certs, right?
I might only have a post left, so, go slow on me.
So, throw any and all BCIT investor safeguards away, nice janice shell
The brokerages have a contractual relationship with their clients, not fiduciary responsibility.
The Securities Exchange Act of 1934
Section 6(b)(5) This statute limits the authority of the SEC and the SROs by prohibiting them from regulating and selectively enforcing rules and statutes, in a way that is discriminatory against equity investors and issuers in favor of others. By "allowing" fails to occur through selective non enforcement of existing statutes and rules, the SEC and SROs are doing exactly that.
Section 9 This statute makes it unlawful to create a false or misleading appearance of active trading in any security registered on a national securities exchange, or to create a false or misleading appearance with respect to the market for any such security, and to effect any transaction in a registered security which involves no change in the beneficial ownership. False and misleading statements are also unlawful under this Section. Trading, confirming, taking money for and crediting fake and undefined securities in place of the real contracted for securities are violations of this federal statute.
Rule 10b-10 The trade confirmation rule. This SEC rule requires broker-dealers to confirm the identity, quantity and price of securities obtained on behalf of customers. When the brokers receive nothing but "fails to receive" rather than the contracted for securities, the brokers should not confirm the trade and confirm the quantity of the contracted for securities, because none have been obtained. When "fails" occur, broker-dealers confirm the trade to customers anyway, creating a false confirmation statement.
Rule 15c3-3 The customer protection rule. This rule requires broker-dealers to promptly obtain and securely maintain securities, even in the event that securities are not delivered by the settlement date. Doing nothing is not an option.
Rule 15c6-1 The settlement cycle rule. This is the first line of defense and is the foundation of the market. It spells out the settlement date delivery requirement of securities. As long as the contracted for securities are delivered by the settlement date, all is good and all is as it should be. When delivery does not occur by the settlement date, there is a "fail to deliver.”
Section 17A Statute requires that settlement and clearing of securities be linked and that they happen promptly and accurately. It also requires that trades effect the transfer of record ownership of securities. When trades fail and phantom securities are delivered instead, these requirements are all violated.
Rule 17f-1 Every reporting institution shall report the discovery of any counterfeit securities certificate to the Commission or its designee, to a registered transfer agent for the issue, and to the Federal Bureau of Investigation within one business day of such discovery. Every transfer agent shall make the reports required above only if it receives notification of the loss, theft or counterfeiting from a non-reporting institution or if it receives notification other than on a Form X-17F-1A or if the certificate was in its possession at the time of the loss. Every reporting institution that originally reported a lost, missing or stolen securities certificate pursuant to this Section shall report recovery of that securities certificate to the Commission or its designee and to a registered transfer agent for the issue within one business day of such recovery or finding. Every reporting institution that originally made a report in which criminality was indicated also shall notify the Federal Bureau of Investigation that the securities certificate has been recovered.
Rule 19(g) Every self-regulatory organization shall comply with the provisions of this title, the rules and regulations thereunder, and its own rules, and (subject to the provisions of section 17(d), paragraph (2) of this subsection, and the rules thereunder) absent reasonable justification or excuse enforce compliance.
Rule 19(h) The appropriate regulatory agency for a self-regulatory organization is authorized, by order, if in its opinion such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of this title, to suspend for a period not exceeding twelve months or revoke the registration of such self-regulatory organization, or to censure or impose limitations upon the activities, functions, and operations of such self-regulatory organization, if such appropriate regulatory agency finds, on the record after notice and opportunity for hearing, that such self-regulatory organization has violated or is unable to comply with any provision of this title, the rules or regulations thereunder, or its own rules or without reasonable justification or excuse has failed to enforce compliance.
FINRA Conduct Rule IM-2310-2 Fiduciary duty to customers by broker-dealers. Taking money from customers for the purchase of securities, but not actually obtaining them and misrepresenting this failure to obtain securities by misrepresenting the identity and quantity of securities in customer accounts and filing false trade confirmations, is against the interest of the customers.
NASD Rule 3370 is a delivery rule and instructs that no NASD member shall execute a short sale unless the member makes an “affirmative determination” that the member will receive the security from the customer or can borrow the security on behalf of the customer.
Uniform Commercial Code
§ 8-501b A person acquires a security entitlement if a securities intermediary: indicates by book entry that a financial asset has been credited to the person's securities account; receives a financial asset from the person or acquires a financial asset for the person and, in either case, accepts it for credit to the person's securities account; or becomes obligated under other law, regulation, or rule to credit a financial asset to the person's securities account.
§ 8-508 A securities intermediary shall act at the direction of an entitlement holder to change a security entitlement into another available form of holding for which the entitlement holder is eligible, or to cause the financial asset to be transferred to a securities account of the entitlement holder with another securities intermediary.
Nevada Statues
js, what do you believe, pammie or Empire, or no one, or the devil
AlanC, where are the 1.3 Bil FTD's, I pray the DTCC get a challenge in court.
I will eagerly wait the next few years, even though we processed six so far.
BCIT evidence is like apples fallen from a tree.
Rock on, CH, easy pickin's
Per CH letters to the DTCC, the DTCC has pammie on board
But you know that.
Care to explain?
Thompson stopped doing transfers in or before August 2005.
Is she related to you?
She is a prominent CPA, still practicing, over the SEC, FINRA, DTCC
heck, she might even be the daughter, or related, of one of them, who knows
The DTC still claims Pammy is the TA!? Glad they have made themselves irrelevant in this matter, if the best they could do was hide behind Pammy the fraudster.
just kidding, but how is she still a cpa?
any ethics violations? among federal laws violated?
js, now that is rediculous, that statement, virgin ears.
Huh? You can issue a PR on the day, and at the precise time, you request. It's up to you to decide when you want it to appear. Why do you think so many PRs come out right after the bell?
Why put out a PR on a Saturday?
Violating an SEC order, nice round robin.
"Seems to me that the only issue is the question of the transfer agent. For that, she relied on what DTCC had told her."
Shall I find that SEC order for you to see, that ordered Pammy not to be a transfer agent?
Please Define fiduciary responsibilty, on the brokers/MM's/DTCC
behalf, selling what they did not own in BCIT, but took the money.
I am sure you are hesitant.
Explain the custodian meaning of what you just said, js
"Are you familiar with the concept of "fiduciary responsiblity"
Define custodian in terms of Finra, sec and NASD
"Are you familiar with the concept of "fiduciary responsiblity"
1.3 Billion in BCIT FTD's, explain that, on a 25 mil A/S
Who do you represent?
Pants on fire, Pants on fire
Thank You CH and TM
Consideration is being given to obtaining a court order to force DTC to return the shares they hold.
oh and a surprise for some.
A judge in Canada would unravel this Gov't backing corruption.
BCIT needs to be heard outside the jurisdiction for the NSS abuse and SEC/DTCC/Finra coverups.
Mary's answer was point blank dead wrong, wondering
how the judges in Canada would answer that, like the min e a
case, like type, regarding BCIT.
Right is right, and wrong is wrong, add in the stonewallers,
we have a case.
BCIT crappies
Those authorities are accountable, one day sooner than later, imho, prime example, eric holder
js, you said
"Some here don't seem to realize that sending snarky letters to the authorities--all of them--is the wrong approach. Those authorities hold all the cards, whether you like that or not."