We got talking about CMKX, he seemed to be very aware of it. He said that NITE is no longer the biggest MM because they got slapped by the SEC for naked short trading, so their volume has slowed since April 1 (when the new regulations came into effect). He said they were one of the biggest offenders. Also said that he wouldn't be surprised if CMKX was shorted 1 trillion shares!
That's utter nonsense. Don't you think that if "NITE...got slapped by the SEC for naked short trading", that information would be available at the SEC website?
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