Bancorp International Group Inc (fka BCIT)

[Chas56789]

jb1967lbk - Those who naked short incurred a procedural violation. There is no real punishment. That is the problem with the regulators because they haven't assessed a punishment to the crime of NSS and failure to follow the rules.

BUT BUT BUT BUT BUT BUT BUT

If though ...in the process of Naked Shorting, you intentionally mis-mark trades from a "Short sell" to a " long sell" you then have manipulated the market in that stock, and that is FRAUD. If the process requires multible entities to work together(collusion) in order to mis-mark the trade. That is FRAUD and the penalty is RICO ( triple damages)! That is what you naked Shorters have to worry about !

Chas56789


Nothing. Anyone who successfully naked shorted BCIT prior to the revocation was on the right side of the trade.