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Re: BoscoLives21 post# 244202

Thursday, 04/25/2024 10:44:36 AM

Thursday, April 25, 2024 10:44:36 AM

Post# of 244620
You are very correct about FINRA having a hard time keeping track of Naked Short Selling, just read the PR's about brokers getting fined. hint: it took years for FINRA to realize what happened!

FINRA Fines Cantor Fitzgerald $2 Million for Regulation SHO Violations and Supervisory Failures:

As a result, Cantor did not timely close-out at least 4,879 fails-to-deliver, and routed and/or executed thousands of short orders in those securities without first borrowing (or arranging to borrow) the security or issuing notice of the need for a pre-borrow to the broker-dealers for whom it cleared and settled trades.

https://www.finra.org/media-center/news-releases/2019/finra-fines-cantor-fitzgerald-2-million-regulation-sho-violations-and

FINRA Fines Merrill Lynch a Total of $6 Million for Reg SHO Violations and Supervisory Failures:

Merrill Lynch's supervisory systems and procedures were inadequate and improperly permitted the firm to allocate fail-to-deliver positions to the firm's broker-dealer clients based solely on each client's short position without regard to which clients caused or contributed to Merrill Lynch's fail-to-deliver position.

https://www.finra.org/media-center/news-releases/2014/finra-fines-merrill-lynch-total-6-million-reg-sho-violations-and

In the meantime; I will let time tell the truth for the shareholders of KEGS!

Lets Go KEGS! More Good News!

https://www.otcmarkets.com/stock/KEGS/news
Bullish
Bullish