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Alias Born | 04/12/2001 |
Wednesday, January 17, 2024 3:20:41 PM
FINRA has nothing to do with S-1 offerings. They're reviewed, and ultimately deemed effective or not, by the SEC.
According to Finras rules, you cannot take shorts into a private company.
Could you cite that rule for us? FINRA rules have handy numbers, so it should be easy.
The shorts should’ve been forced to close at market prices which were, on average, $4,000/share. What’s at issue? They robbed retail investors of $2.4 trillion dollars and put the halt on to protect their golf buddies.
LOLOLOL!! Sounds like the CMKXers, some of whom still believe they're "owed" $3.87 TRILLION, and went to court to win it. Needless to say, they did not succeed.
FINRA has done a good job of explaining what happened with MMTLP. It is unfortunate that some of the MMAT shareholders don't understand much about shorting and how it works. All this is just like the old Xer "Gimme Money" play.
No one ever did give them money, 20 years later.
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