LMAO. That along with Charles Schwab 52 percent likely hood of filling BK in 2021 Is the funniest thing I have heard!! After all it is 52 percent higher than CACH, Since CACH is a shell and has no DEBT Or Reason to file BK!! To sum it up, If SEC makes these hedge funds and MM Cover every single NAKED SHORT POSITION THAT THEY HAVE, THEY WILL ALL BE FORCED TO FILE FOR BK!! As it has been proven so far this year. CACH WONT BE SUSPENDED.
NEWS: CACH is on T.D.Ameritrade’s “No New Buy Orders” list, starting mid-August 2021 they’re only accepting orders to liquidate positions.
There is no “SEC Story”, Rule 15c2-11 is a factual bona fide RULE.
SEC Rule 15c2-11 Restricted Securities
On September 28, 2021, new amendments to Rule 15c-211 under the Securities Exchange Act of 1934 go into effect to enhance investor protection and improve issuer transparency. These amendments restrict the ability of market makers to publish quotations for those companies that have not made required current financial and company information available to regulators and investors.
Ahead of the regulatory enforcement date, TD Ameritrade will only accept orders to liquidate positions - (i.e. no new buy orders) starting in mid-August 2021. Please note: After the amendment officially goes into effect on September 28, 2021, it may be more difficult to liquidate these securities. Quoting and market liquidity may also be very limited.
The list is below as of June 30, 2021 and is subject to change at any time.