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Saturday, October 12, 2024 8:42:52 AM
In the mean time the Harrington spoofing case went ahead
https://oilprice.com/Energy/Energy-General/Is-This-The-End-Of-Naked-Short-Selling.html
The Heroes of the Day
The plaintiffs in Harrington Global Opportunity Fund Ltd. v. CIBC World Markets, Inc et.al, represented by Warshaw Burstein, LLP, have every reason to celebrate.
The judge’s ruling categorically means that going forward, big banks and financial institutions won’t just be fined for not actively closing shorts, they could be held liable for what so far has been an estimated trillion dollars in losses to retail investors, companies and the U.S. government.
“Brokers can no longer claim that they are not liable for their customers’ trading activities because they are only following their directions. A broker can now be held primarily liable under the federal securities laws when they recklessly fail to monitor, detect and prevent the manipulative or fraudulent trading of their customers,” Warshaw Burstein said in a statement following the judge’s September 29 ruling.
“This decision is a clear and unambiguous warning to broker-dealers that unless they fulfill their gate-keeper responsibilities of monitoring their customers’ trading they can be held primarily liable for their client’s manipulative conduct,” the law firm added.
Linda Powers abstained from joining Roger Hamiltons well meant "lets try everything", different approaches in hope of stopping the share price from being attacked and instead hired Cofer Black to gather evidence over 7-8 years of spoofing and instigate a lawsuit with the now most succesfull fraud lawsuit lawyer Laura Posner helming the case and recently named USAs BEST LAWYER.
While we now know that a settlement have been seemingly made in the Harrington case, that is good for the NWBO case. The judge in the NWBO case obviously agreed with Laura Posner on all points but wanted her to detail loss of causation. She did that and now we await the judges decision.
We are soon about to see, who in fact was right regarding how to counter the market makers spoofing/naked shorting.
One thing is for sure. Every instance of guidance, press release from NWBO, has in the past been seen as possibilities to manipulate into complaints and fraudulent lawsuits, to try and get NWBO to spend ressources, divest time and money from their endgoal.
Anything to delay the inevitable.
Its so hilarious to see all paid shills and negative bashers BEG for guidance and press releases in the final days before being MAA approved by MHRA, all with a Florence Nightingale empathy towards poor retailers.
My God all the bullshit scams you people try to front 🥳
And good to see all shills already out in correlating rhetorical BS attacks on a saturday. Its almost a greatest hits of bashers. Please revive Nemesis, LessIsMore and other merry men.
Hope you all get good financial incentives for your hard corroborating correlating efforts.
Recent NWBO News
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