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Re: Pennybuster post# 4518

Wednesday, 08/08/2012 7:27:30 PM

Wednesday, August 08, 2012 7:27:30 PM

Post# of 9190
Why Scottraid & TD Ameritraid resumed trading Knight Capital Group's stock? There simple answer in my opinion why they resumed trading KCG, because they are a "good and trusted partner."

Plus they had to cover the shares they had borrowed from these brokerages to short KCG. Having more then 50% of all trades coming from these two brokerages go through Knight... They couldn't afford not to resume trading. I'm not surprised Roger Rinney from Scottrade did not comment due to the possible breaches of his own fiduciary duties

Knight Capital Group's stock rallied nearly 60% Friday afternoon, after online brokerage firms TD Ameritrade (AMTD) and Scottrade said they'd resumed routing trades through Knight's system.

TD Ameritrade CEO Fred Tomczyk said the decision to resume trading came after "considerable review and discussion," adding that Knight has "long been a good and trusted partner."



Whats does Scottrade have to do with Knight Capital Group?
1) Knight Capital is Scootrades biggest Market Maker with over 51% of all trades being cleared through NITE
2) Scootrade recieves on average .0010 for all shares loaned to MM.
3) Roger O. Rinney CEO of Scottrade is also a director on NITE's board as the Current President of Knight Capital.

Whatever former director or former president of Knight Capital... Do you really think that matters? Levi & Korsinsky are you listening? Ha! I know you are.., Thanks and Good luck. Sorry for any misspellings I cant afford my subscription to spell check after my account was raided over NITE.

Peace & God Bless All Our Investments

† h i n k f i s h

Rodger Riney: Executive Profile & Biography - Businessweek
Rodger Riney: Executive Profile & Biography - Businessweek
http://www.insider-monitor.com/trading/cik1060749.html

Levi & Korsinsky is investigating potential claims on behalf of purchasers of Knight Capital Group, Inc. ("Knight" or the "Company") (NYSE: KCG) securities concerning possible breaches of fiduciary duty.

For more information, click here: zlk.9nl.com/knight-capital-group-kcg.

The investigation stems from concerns that Knight lacked adequate internal controls to monitor its automated trading software. Consequently, on August 1, 2012, Knight experienced a technological glitch related to the installation of trading software. This glitch resulted in numerous erroneous orders in NYSE securities that went unstopped for over half an hour and cost the Company upwards of $440 million. Upon this news, shares of Knight stock fell 63% to a close of $2.59 on August 2, 2012.

If you own Knight stock and wish to obtain additional information about the investigation and your legal rights, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/knight-capital-group-kcg.

Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT: Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky, Esq.30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171www.zlk.com

SOURCE Levi & Korsinsky, LLP