Listed below are a large number of public information articles and reports detailing the brokerage houses, market makers and the conduct of the main "street" characters engaged in the illegal practice of "naked short selling", "death-spiral financing", "failure to delivers (FTDs)" and/or stock fraud. This page is a resource for anyone wishing to educate themselves regarding the depth and breath of these illegal activities. Please note that some of the articles may have been added out of time sequence because they were discovered weeks or months after publication. All the dates are, to the best of our knowledge, when they came into the public domain. https://rgmcom.com/shortselling.html
Well I don't think Glenn is going to come this far down the road and just let these guys get away with it. He has contacts in high places, and he's got a lot of fight in him, I think we could both agree on that at least.
NITE almost went out of business for the second time a few years back because of some liability on a trade that went wrong that I seem to remember was about $220 or $240m or thereabouts.
Then some idiot company bought them for a dollar and assumed responsibility for the debt.
Such a shame I thought the market was finally going to be free of them!