GNCC Capital Inc (GNCP)

[BigBake1]

I just told you go pull the SEC FTD reports, it has been explained a hundred times here, the broker dealers sells the shares to the buyer on an initial leg of the transaction on a tape reported trade and instantly buys from the seller those shares at the same price in a non tape transaction report, its called riskless principal. FINRA explains this process very well in their FAQ. Might want to read it sometime.

In addition, FINRA trade reporting rules govern the reporting of riskless principal
transactions, where the initial transaction and the offsetting transaction are effected at
the same price.9 Firms can report OTC riskless principal transactions by submitting a single
report to a FINRA facility for public dissemination purposes (or “tape” report) in the same
manner as an agency transaction, marked with a “riskless principal” capacity indicator,
excluding any commission or mark-up/mark-down.10 Alternatively, members can report an
OTC riskless principal transaction by submitting two (or more, as necessary) reports: (1) a
tape report to reflect the initial leg of the transaction with a capacity of principal; and (2) a
non-tape (non-tape/non-clearing or non-tape/clearing-only) report to reflect the offsetting
“riskless” leg of the transaction with a capacity of riskless principal.11 Where the tape report
for an OTC riskless principal trade reflects a capacity of “principal,” the non-tape report is
required under FINRA trade reporting rules. Irrespective of the chosen reporting method,
only one leg of a riskless principal transaction is reported for public dissemination purposes

https://www.finra.org/sites/default/files/notice_doc_file_ref/Regulatory-Notice-18-29.pdf#:~:text=In%20addition%2C%20FINRA%20trade%20reporting%20rules%20govern%20the,principal%20transaction%20is%20reported%20for%20public%20dissemination%20purposes.