Renewable Energy and Power Inc (RBNW)

[HouseSteve]

Maybe someone should notify FINRA and MERRILL LYNCH tha NAKED SHORTS are imaginary ... LOL


FINRA Fines Merrill Lynch a Total of $6 Million for Reg SHO Violations and Supervisory Failures

WASHINGTON — The Financial Industry Regulatory Authority (FINRA) announced today that it has censured and fined Merrill Lynch Professional Clearing Corp. (Merrill Lynch PRO) $3.5 million for violating Regulation SHO, an SEC rule that established a regulatory framework to govern short sales and prevent abusive naked short selling[color=red][/color]. FINRA also censured and fined its affiliated broker-dealer, Merrill Lynch, Pierce, Fenner & Smith Incorporated (Merrill Lynch), $2.5 million for failing to establish, maintain and enforce supervisory systems and procedures related to Regulation SHO and other areas.

SOURCE: http://www.finra.org/newsroom/2014/finra-fines-merrill-lynch-total-6-million-reg-sho-violations-and-supervisory-failures

GO $RBNW .... BACK TO REALITY