CMG Holdings Group Inc (CMGO)

[FergusVI]

Interesting read ~~~

At bottom of page 41, FINRA cites 21 times that ASCM naked shorted stocks in the OTC. Direct from FINRA. We all know they showed up and was boxing the bid and ask last CMGO run up. There you go, direct evidence of prior claims that NSS happens in the OTC

https://files.brokercheck.finra.org/firm/firm_152912.pdf

THE FIRM, ON 21
OCCASIONS, EFFECTED A SHORT SALE IN AN EQUITY SECURITY FOR ITS
OWN ACCOUNT WITHOUT: BORROWING THE SECURITY, OR ENTERING
INTO A BONA-FIDE ARRANGEMENT TO BORROW THE SECURITY OR
HAVING REASONABLE GROUNDS TO BELIEVE THAT THE SECURITY COULD
BE BORROWED SO THAT IT COULD BE DELIVERED ON THE DATE DELIVERY
IS DUE; AND DOCUMENTING COMPLIANCE WITH SECURITIES EXCHANGE
ACT OF 1934 RULE 203(B)(1) OF REGULATION SHO. THE FIRM EXECUTED
16 SHORT SALE ORDERS AND FAILED TO PROPERLY MARK THE ORDERS
AS SHORT, AND IN 16 INSTANCES, INCORRECTLY DESIGNATED ITS
COMPENSATION AS "COMMISSION" ON A CUSTOMER CONFIRMATION FOR COMPENSATION AS "COMMISSION" ON A CUSTOMER CONFIRMATION FOR
A TRANSACTION IN WHICH IT ACTED IN A PRINCIPAL OR RISKLESS
PRINCIPAL CAPACITY. THE FIRM ALSO FAILED TO TRANSMIT 23,485
REPORTABLE ORDER EVENTS (ROES) TO THE ORDER AUDIT TRAIL
SYSTEM (OATS) OVER 342 BUSINESS DAYS.