what are your credentials to make this claim exactly
Counterfeit shares are not "cleaned up" thru a buy-in. It's a civil issue ---
Tom could have made those brokers buy back those shares at the last known trade plus asked the court for additional punitive damages.
so could FINRA and/or the NYSE.
the idea that counterfeiting shares is a civil matter is a very narrow interpretation of the law.
counterfeiting is a crime, so is forgery. the fact that FINRA and the NYSE want to be SRO's seems to be the only reason the DOJ stays out of it, but that is changing very fast because the SRO's have proven themselves to not be up to the task.
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