Bioelectronics Corp (BIEL)

[srinsocal]

Must be hanging with ddls to produce a garbage post like that

<<<<<< According to you, there are billions of fake shares out there >>>>>

I have explained in several posts that this is 'short term' Shorting not 'long term' that shows up on the FINRA Twice a Month Report.

MMs Short for whatever reason, they will claim making a Market, but selling non existing shares into the market is detrimental to both the SP and the perception of investor sentiment for BIEL or any company.

I addressed this issue with you on 12/21/2023

srinsocal
Re: JNdouble1 post# 325021
Thursday, December 21, 2023 11:31:55 AM
Post# 325024 of 329678

Market Makers will do whatever makes them the most money, period. Manipulating SP via Shorting is just one of their scams to create profits.

If you have looked at my posts on MM shorting you are aware that I have said this is Not 'Long Term Shorting'. Their Shorting could be Covered later that same day or up to 13 days later and it won't show up on the Bimonthly Short Report.

If you think that MMs are model citizens who entered the Market Making business to serve investors you don't follow the financial news:

New US SEC rules to shine a light on short selling
By Douglas Gillison and Chris Prentice, Reuters
October 13, 2023 1:12 PM PDT
"The U.S. Securities and Exchange Commission on Friday agreed to roll out new rules aimed at boosting transparency of short selling, the controversial practice of betting against stocks that drew new scrutiny amid the GameStop saga."

Data (D)Riven: SEC Sanctions Market Players for Trade Info Failures
by: Peter D. Hutcheon of Norris McLaughlin P.A. - Business Law Blog
Monday, November 6, 2023 National Law Review
'the SEC issued two enforcement Orders imposing sanctions on Goldman Sachs & Co. LLC (“Goldman Sachs,” a wholly owned subsidiary of The Goldman Sachs Group, Inc., characterized by the SEC as “a global financial services firm”) and on Citadel Securities LLC (“Citadel,” characterized by the SEC as “one of the largest broker-dealers in the U.S. equities market”). Each enforcement action imposed substantial civil penalties and other requirements because the respondent in each case failed to collect and report timely and accurate market information."
"The SEC imposed a series of financial sanctions on the “miscreants,” ranging from $2.5 million assessed on Scott Trade in 2014 for six years of inaccurate data; to $3.2 million assessed on Cantor, Fitzgerald & Co., which filed EBS’s containing 34,884,409 transactions with incomplete data; to $875,000 assessed on Morgan Stanley for 869 faulty EBS’s covering 156,678 options; to $7 million assessed on Citigroup in 2016 for inaccurate reports on 26,810 transactions."

Harvard Law School Forum, Posted by Haimavathi V. Marlier, Michael Birnbaum, and Nicole Serfoss, Morrison & Foerster LLP
Thursday, November 9, 2023
"SEC Charges Global Market Maker for False and Misleading Disclosures Regarding Efforts to Protect Customer Trading Data and Prevent Access to MNPI
On September 12, 2023, the SEC filed charges in the Southern District of New York against public company Virtu Financial Inc., one of the country’s largest electronic trading firms, and its broker-dealer subsidiary, Virtu Americas LLC (collectively, “Virtu”), for making allegedly false and misleading statements about how it safeguarded confidential customer trading data"

U.S. bankers urge SEC to probe short sales, reduce 'abusive' trading
By Andrea Shalal
May 4, 20237:11 PM PDT Reuters
"The American Bankers Association on Thursday urged federal regulators to investigate a spate of significant short sales of publicly traded banking equities that it said were "disconnected from the underlying financial realities." "We urge the SEC to consider all its existing tools and to take measures to reduce the avenues for abusive trading practices and restore investor confidence," the group said. "Short sellers raked in $378.9 million in paper profits on Thursday alone from betting against certain regional banks, according to analytics firm Ortex."


Citadel securities violations and fines
Investor Turf, Mar 13, 2023
US regulatory fines:
In 2007, Citadel Securities was fined $22,500 by FINRA for failing to properly report short interest positions.

In 2009, Citadel Securities was fined $3 million by the SEC for allegedly engaging in improper trading practices that artificially impacted the price of securities.

In 2014, the US Securities and Exchange Commission (SEC) fined Citadel Securities $800,000 for allegedly violating the market access rule, which requires firms to have adequate risk controls and supervisory procedures in place when providing direct market access to customers.

In 2015, Citadel Securities was fined $800,000 by the SEC for violating the Market Access Rule.

In 2015, Citadel Securities was fined $1.5 million by FINRA for violating various rules related to trading activities.

In 2016, Citadel Securities was fined $3.5 million by the SEC for violating the National Market System Plan governing the consolidated data feeds that disseminate stock prices and trades to the public.

In 2017, Citadel Securities was fined $22.6 million by the SEC for misleading customers about the quality of its pricing and execution.

In 2017, the US Financial Industry Regulatory Authority (FINRA) fined Citadel Securities $1.5 million for allegedly providing inaccurate information to customers and for failing to report trades to the appropriate regulatory entities.

In 2018, Citadel Securities was fined $3.5 million by the SEC for failing to provide customers with accurate trade data.

In 2019, Citadel Securities was fined $100,000 by the Commodities Futures Trading Commission (CFTC) for exceeding speculative position limits in wheat futures.

In 2020, Citadel Securities was fined $97,000 by FINRA for failing to properly report certain equity trades.

In 2020, the US Commodities Futures Trading Commission (CFTC) fined Citadel Securities $700,000 for allegedly violating swap data reporting requirements.

In 2021, Citadel Securities was fined $700,000 by FINRA for failing to report a significant number of trades to FINRA's Trade Reporting and Compliance Engine (TRACE).
********************************************************************************

A shorter version was explained to your buddy GSO just last month,

srinsocal
Re: GetSeriousOK post# 328296
Thursday, April 11, 2024 5:05:11 PM
Post# 328302 of 329677

You should take your complaint up with FINRA and their "Daily Short Sale Volume Files"

Anyone who Sells shares that they do not own and have not borrowed is Naked Shorting. It does not matter if the duration is 1 hour or 1 year. When the MMs sold 35 million shares yesterday, that they did not own, it was Naked Shorting. MMs can use the Liquidity/ 'Making a Market' excuse for their Shorting but it is still Shorting and it can affect the actions of other investors especially when 85% of the day's trading volume is Short Selling, like yesterday.

MMs make money off of their trading fees and also from their Buy/Sell SP spread. If their computers see an opportunity to make a profit from the SP spread they will jump on it and it is easy for them as they set the Bid/Ask prices.

https://www.finra.org/finra-data/browse-catalog/short-sale-volume-data/daily-short-sale-volume-files