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Tuesday, October 20, 2015 5:33:48 PM
One of their choices will be simply to eat the cost of the dividend as to them, sparing their clients losses. I'd expect some to do that, if they feel their exposure is limited, or if they want to protect those clients.
Considering four (4) firms were 95% of the volume, it is quite concentrated. I suspect that most of the holdings are concentrated as well. I agree that some firms may consider to "eat the cost". However, penny stock trading accounts with small credit balances are not accounts a firm wants to "protect" in setting a precedent. "Eating the cost" may violate the firms Procedures and Internal Controls, and may set up future lawsuits against the company.
Also, where are the small handful of suspect penny stock trading accounts going to transfer their accounts to? Goldman? Morgan? Lazard? CS?
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