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eliaman

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eliaman

Re: pantherj post# 298694

Thursday, 02/25/2010 11:27:39 PM

Thursday, February 25, 2010 11:27:39 PM

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"Hazan and HCM improperly utilized the market maker exemption to impermissibly engage in naked short selling by failing to locate securities to borrow and then engaged in a series of prearranged close out transactions designed to circumvent their Regulation SHO delivery obligations in such securities by creating the appearance of a bona fide repurchase of the securities they initially sold short. "

http://www.nyse.com/press/1249380496048.html
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