Replies to post #118238 on Paychest Inc (PYCT)

[lloydm]

Credit Suisse, and KNIGHT CAPITAL CHARGED WITH ABUSING “NAKED SHORTS”

A separate Finra disciplinary action completed just days ago against Swiss firm Credit Suisse faults the bank for failing to flag potential money laundering abuses based on “suspicious microcap stock transactions and sales of unregistered securities.” The trading at issue “followed patterns commonly associated with microcap fraud.”


NITE
https://theintercept.com/2016/12/15/whistleblower-vindicated-massive-trading-firm-knight-capital-charged-with-abusing-naked-shorts/

Credit Suisse
http://www.finra.org/sites/default/files/CreditSuisse_AWC_120516.pdf

[PRmaniac]

There are no naked shorts and never was any in PYCT

You may have noticed that it indicated "fails to deliver" were present. PYCT had no significant fails to deliver, thus no naked shorting.

You may have also noticed that the incidents were to facilitate customer long sale orders. Enough said.