janice, how come the brokerages kept selling BCIT when the DTCC stopped clearing the transactions on Aug 11, 2005? Had they been clearing/settling the transactions like they should have been, that halt at the DTCC would have been apparent and should have been the queue to stop selling BCIT, but no they didn't. The SEC had to step in and halt the stock.
Those actions by the brokerages were deliberate without regard to the harm they would cause their clients. They implied everything was ok by their actions and now want to hide behind the global lock and keep the money they took and not provide anything in return because they sold millions more shares than was available to sell. That's willful, deliberate and intentional fraud in the eyes of many.
Of course, when it comes to taking responsibility the corps get to settle and not have to admit to anything. Interesting how that opt out isn't available to the average criminal who doesn't have that option. In a country that says corps are people to, the law sure treats the corps different than people when handing out justice.
