Home > Boards > US OTC > Delisted > Bancorp International Group Inc (fka BCIT)

janice, how come the brokerages kept selling BCIT

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
janice shell Member Profile
Member Level 
Followed By 2,415
Posts 273,325
Boards Moderated 27
Alias Born 04/12/01
160x600 placeholder
Top Company News of the Day
Two months after the ice cream brand moved to stop retailing its products in Jewish settlements in the West Bank, several state funds are selling or threatening to sell their investments in parent company Unilever.
Soybeans Fall as Traders Watch for Harvest News -- Daily Grain Highlights
Front Month Nymex RBOB Gasoline Rose 0.80% This Week to Settle at $2.1713 -- Data Talk
Front Month Nymex Natural Gas Rose 3.38% This Week to Settle at $5.1050 -- Data Talk
Housing Starts, Existing Home Sales on Tap -- Data Week Ahead
AstraZeneca Sees Positive Results for Enhertu Trial
CAC 40 Index Ends the Week 1.40% Lower at 6570.19 -- Data Talk
FTSE 100 Index Ends the Week 1.21% Lower at 6944.02 -- Data Talk
DAX Ends the Week 0.77% Lower at 15490.17 -- Data Talk
STOXX Europe 50 Index Ends the Week 1.17% Lower at 3521.62 -- Data Talk
EURO STOXX 50 Index Ends the Week 0.95% Lower at 4130.84 -- Data Talk
STOXX Europe 600 Index Ends the Week 0.97% Lower at 461.84 -- Data Talk
FTSE 100 Closes Friday Down as Markets Remain Under Pressure
MTN to Sell Down $2.09 Billion Stake in Towers Company IHS if New York IPO Succeeds
Unite Union Says Tesco Truck Drivers, Warehouse Workers Reject 2.5% Pay Offer
Thermo Fisher On Pace for Record High Close -- Data Talk
Protagonist Therapeutics Shares Tumble as FDA Puts Rusfertide on Hold
U.S. Consumer Sentiment Stalled in Early September -- University of Michigan
Turning Point Brands Down After FDA Denies Vapor Products Application
VC Daily: Question: What's Top of Mind for VCs as the Fourth Quarter Approaches?
Royal Bank of Canada to Pay Fine Over Municipal Bonds Charges by SEC
Biogen Gets CHMP Backing for Vumerity in Multiple Sclerosis
Union Pacific: Effect of Winter Storm, Fires, Heavy Rain More Than $100 Million in FY21
Fed Looks at Tightening Rules Regarding Financial Activities of Its Officials; U.S. Economy Resilient Despite Delta Surge
Yara Cuts Ammonia Production on Rising Natural-Gas Prices -- Commodity Comment
Progressive Posts August Loss Amid Hurricane Claims
janice shell Member Level  Thursday, 06/05/14 01:20:40 PM
Re: nwsun post# 156226
Post # of 159439 
janice, how come the brokerages kept selling BCIT when the DTCC stopped clearing the transactions on Aug 11, 2005?

We've been there before. Back then, the brokerages didn't take DTC as seriously as they do now. They should have, but they didn't. Even today, different brokerages take different attitudes toward chilled stocks. Generally speaking, global locks are treated more seriously.

Those actions by the brokerages were deliberate without regard to the harm they would cause their clients.

You give them WAY too much credit. People tend to think "their" stock is somehow of such importance that brokerages know everything about it, and are watching its every move. In reality, every brokerage trades tens of thousands--maybe hundreds of thousands--of securities of all kinds: stocks, bonds, options, futures and so on. They aren't tracking every one of them.

In the case of BCIT, they were careless and slow to react. Nothing more.

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences