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fourkids_9pets Member Level  Monday, 10/07/19 02:47:05 PM
Re: AlanC post# 2946
Post # of 3128 
alan ..

suspect this comes as no surprise to you .. but imo they all (non retail) collude

23 April 2019

Fidelity immune from improper stock lending lawsuit

The First Court of Appeals has deemed Fidelity Brokerage Services LLC immune from a lawsuit alleging improper stock lending activities based on an immunity provision in the Bank Secrecy Act.
The allegation by William and Peter Deutsch stated that Fidelity had improperly filed a suspicious activity report with the federal law enforcement agencies to hide improper stock lending activities.

At the US Court of Appeals for the First Circuit on 17 April, William and Peter Deutsch along with their financial advisor, AER Advisors, had their complaint against Fidelity dismissed as there was “no reason to reverse the judge’s thoughtful decision”.

The provision cited that a “financial institution that makes a voluntary disclosure of any possible violation of law or regulation to a government agency [...] shall not be liable to any person under any law or regulation of the US, [or] any constitution, law, or regulation of any State [...] for such disclosure”.



The legal shorts who borrowed shares will cover ASAP imho while the criminal abusive naked shorts will not cover until they have no other choice. That is what this long looks forward too. Sue wish Fidelity would let me place a GTC @ $200.;00 as mentioned by PB but they make it difficult to place GTC's that are far away from the present bid. Anyone wonder why that is and why some brokerages are going to commission free trading claiming the brokerage commissions income represents only about 3%. They don't say how much they make lending out stock though. Go OSTK!!!

10/5/07 -- there are no coincidences here ...
oh and like many other longs .. not selling at this level --
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