CMKM Diamonds Inc. (fka CMKX)

[SevenTenEleven]

FINRA reported that they could find no cases of failures to deliver. - janice shell

FINRA said UBS' violations lasted from 2005 to 2010, and that the bank likely processed "tens of millions" of short sale orders for equities and exchange-traded funds improperly.
Many problems were not detected until FINRA's probe caused UBS to review its systems, the brokerage regulator said.

"Broad, systemic failures is the best way to describe it," said Brad Bennett, FINRA's chief of enforcement, in an interview. "The fine reflects the gaps in the system that we found. We didn't identify any specific delivery failures, but that could means the bank just got lucky."

"NAKED" SHORT-SALE ABUSES FEARED

FINRA said UBS violated Regulation SHO, a rule imposed in 2005 by the U.S. Securities and Exchange Commission to thwart abusive "naked" short selling, and ensure that brokerages can deliver shares on short-sale transactions they process.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68319741

Looks Like FINRA didn't dig deep enough.

We didn't identify any specific delivery failures, but that could means the bank just got lucky.

As a result, the bank "just got lucky".

Good Luck!