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Re: fourkids_9pets post# 1298

Thursday, 05/29/2014 10:41:08 PM

Thursday, May 29, 2014 10:41:08 PM

Post# of 1349
4kids why are there not class action lawsuits on behalf of companies and shareholders going after UBS or Penson executives who have been caught by finra and the sec violating reg sho and naked short selling?

The naked short sales by UBS were "in the tens of millions," according to FINRA, and had the potential to undermine the integrity of the capital markets. The Credit Suisse violations of Reg SHO, according to FINRA were in the same ballpark, with approximately 10 million violations.