Home > Boards > Stock Clubs > Short-Term > F.GEMS: MICROS to GO!... (F.GEMS)

***¶*** Naked shorting sanctioned, broker fined:

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Francois+Goelo Member Profile
Member Level 
Followed By 49
Posts 3,205
Boards Moderated 4
Alias Born 08/24/00
160x600 placeholder
Top Company News of the Day
The waiver allows Credit Suisse's investment adviser affiliates to keep doing business following an SEC settlement, but the Republican says some requirements could be harmful.
Canada Antitrust Watchdog Probes Google Conduct in Online Ad Market -- Update
Canada Antitrust Watchdog Probes Google Conduct in Online Ad Market
USDA Reports Drop in Cattle Placed on Market
Wheat Rises on Tighter Supply Picture -- Daily Grain Highlights
Warren Buffett Tenders Cattolica Stake as Generali Takeover Edges Closer, Source Says
Front Month Nymex Natural Gas Fell 2.40% This Week to Settle at $5.2800 -- Data Talk
Front Month Nymex RBOB Gasoline Fell 0.17% This Week to Settle at $2.4821 -- Data Talk
Trustmark National Bank To Pay $5 Million To Settle Lending Discrimination Claims
3Q GDP Seen +3.0% -- Data Week Ahead
U.S. Oil-Rig Count Falls by Two in Latest Week, Baker Hughes Says
American Express on Track for Record High Close -- Data Talk
UK Takeover Panel Suspends Timetable on Ganfeng's Offer for Bacanora Lithium
S&P Global, IHS Markit Get Conditional Approval From European Commission for Deal
FTSE 100 Closed Up as It Shrugs off the Week's Negative Sentiment
STOXX Europe 50 Index Ends the Week 0.25% Higher at 3637.18 -- Data Talk
EURO STOXX 50 Index Ends the Week 0.14% Higher at 4188.81 -- Data Talk
STOXX Europe 600 Index Ends the Week 0.53% Higher at 471.88 -- Data Talk
FTSE 100 Index Ends the Week 0.41% Lower at 7204.55 -- Data Talk
DAX Ends the Week 0.28% Lower at 15542.98 -- Data Talk
CAC 40 Index Ends the Week 0.09% Higher at 6733.69 -- Data Talk
S&P Global's Acquisition of IHS Markit Gets Conditional Green Light From EU
Walmart on Track for Longest Winning Streak Since September 2019 -- Data Talk
Snap Inc. Down Over 23%, on Track for Record Percent Decrease -- Data Talk
Watchdog Criticizes FAA Oversight Of American Airlines Maintenance
Creatd Shares Jump After Unit Signs Alexis LaRue
Francois+Goelo Member Level  Tuesday, 06/19/01 11:34:45 PM
Re: None
Post # of 1520 
***¶*** Naked shorting sanctioned, broker fined:


http://www.nasdr.com/pdf-text/0106dis.txt



Firms Expelled, Individual Sanctioned

Falcon Trading Group, Inc. (CRD #30361, Boca Raton, Florida), Sovereign
Equity Management Corp. (CRD #20016, Deerfield Beach, Florida), and Glen
Thomas Vittor (CRD #1565323, Registered Principal, Deerfield Beach, Florida)
were fined $1 million, jointly and severally. In addition, the firms were expelled
from NASD membership and Vittor was barred from association with any NASD
member in any capacity. The sanctions were based on findings that the
respondents effected short sales for the firms' own accounts and failed to make an
affirmative determination that the firms could borrow the securities or otherwise
provide for delivery of the securities by the settlement date. The findings also
stated that the respondents, in cooperation with others, attempted to obtain stock
at below-market prices through the use of threats and coercion, and that, through
naked short sales and extortion, the respondents participated in a manipulation of
the market for those securities. (NASD Case #CAF980002)





Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | 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