Bioelectronics Corp (BIEL)

[srinsocal]

Wondering how BIEL dropped to 29 with 16m Buys vs 10m Sells?

80 Percent of yesterday's 27 million share Volume was marked as Short Sales by the Regulation SHO Report.

It does not matter who the company is, if 80% of the Day's Volume is Short Sales the SP will drop.

Date...Symbol...Short vol...Total vol
20210528|BIEL|22168996||27457811

http://regsho.finra.org/FORFshvol20210528.txt


Regulation SHO is a 2005 SEC rule that governs short selling.

The regulation introduced the "locate" and "close-out" requirements aimed at curtailing naked short selling.

Despite the Regulation SHO Rules Brokers continue to violate Shorting Laws. If caught they pay a fine without admitting guilt and without disruption to their business.


SEC gives Morgan Stanley a $5 million slap over short sales
Sep 30, 2020
https://www.investmentnews.com/sec-gives-morgan-stanley-a-5-million-slap-over-short-sales-197614

FINRA fines Wolverine for short selling regulation violations
Posted by Maria Nikolova | May 25, 2021
https://fxnewsgroup.com/forex-news/regulatory/finra-fines-wolverine-for-short-selling-regulation-violations/

FINRA Fines Cantor Fitzgerald $2 Million for Regulation SHO Violations and Supervisory Failures
March 05, 2019
https://www.finra.org/media-center/news-releases/2019/finra-fines-cantor-fitzgerald-2-million-regulation-sho-violations-and

SEC Charges BNP Paribas with Violations of Regulation Sho
June 29, 2020
https://www.sec.gov/enforce/34-89177-s

FINRA Fines Deutsche Bank Securities Inc. $1.4 Million for Violating Regulation SHO and Short Interest Reporting Rules
https://www.finra.org/media-center/news-releases/2015/finra-fines-deutsche-bank-securities-inc-14-million-violating-reg-sho