Greater Cannabis Company Inc (GCAN)

[29YEARINVESTOR]

Interactive Brokers along with Goldman Sachs in trouble for naked shorting! OUCHHHHHHHHH!

UNGS Greater Cannabis GCAN party soon.

OOOOUCH! Interactive Brokers Fined $5.5 Million for Naked Short Selling Violations
Industry regulator Finra settles with retail brokerage firm over what it says were ignored red flags
Aug. 20, 2018 4:43 p.m. ET

A unit of Interactive Brokers Group Inc., one of the largest U.S. retail brokerages, has been fined $5.5 million over allegations that it broke federal rules on the “naked” short selling of stocks thousands of times over a three-year period.

https://www.wsj.com/articles/interactive-brokers-fined-5-5-million-for-naked-short-selling-violations-1534797834


OOOOOUCH--Goldman Sachs’ Korean branch under probe for alleged naked shorting

PUBLISHED :June 04, 2018 - 18:35
UPDATED :June 06, 2018 - 15:30

[THE INVESTOR] South Korea’s financial regulator said on June 4 it has launched an inspection into the Seoul branch of Goldman Sachs Group for naked short selling.

On May 31, Goldman Sachs International supposedly borrowed 6 billion won (US$5.6 million) shares issued by 20 companies to engage in short-selling. The problem was, it was unable to buy back the stocks in time, indicating that the stocks weren’t in its possession at the time of the short selling.

https://www.koreatimes.co.kr/www/biz/2018/07/367_250670.html