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Re: goldenrule4me post# 53057

Monday, 10/21/2013 3:29:40 PM

Monday, October 21, 2013 3:29:40 PM

Post# of 56916
News like that could spark a nice fire in DHSM!! Especially where there is potential for Naked Short Shares. Nite is a MM in DHSM and look what they got busted for, not locating shares..

35. There were collateral consequences as a result of the August 1 event, including significant net capital problems. In addition, many of the millions of orders that SMARS sent on August 1 were short sale orders. Knight did not mark these orders as short sales, as required by Rule 200(g) of Regulation SHO.9 Similarly, Rule 203(b) of Regulation SHO prohibits a broker or dealer from accepting a short sale order in an equity security from another person, or effecting a short sale in an equity security for its own account, unless it has borrowed the security, entered into a bona-fide arrangement to borrow the security, or has reasonable grounds to believe that the security can be borrowed so that it can be delivered on the date delivery is due (known as the “locate” requirement), and has documented compliance with this requirement.10 Knight did not


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