Bancorp International Group Inc (fka BCIT)

[kruy]

"An arbitration panel has expelled and permanently barred Legacy Trading Co., LLC and its CEO Mark Uselton from the securities industry. The panel concluded that the firm and its owner had engaged in violations of the short selling rules and well as the requirements for maintaining books and records. The panel also imposed a $1 million fine after concluding that the firm and its owner made almost $900,000 in profits from more than 2,000 transactions over a two year period which violated the short selling rules."
http://www.secactions.com/?p=1377
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Some need to start accepting the FACT that the brief trading that occurred with BCIT was an aberration/mistake and not a legitimate act of trading that can be pointed at for reference.

Legacy was not recognized as a "ligitimate" MM by any broker but they managed to sneak some shares into the system that Etrade quickly put a halt to.

Question is...why did Megas choose a slimy illigitimate MM that NO brokerage would deal with..which has been charged and convicted of numerous market violations and has been barred.