Paula: Wall Street sure seems to be taking care of Scottrade in the GBOE fiasco. How can it not appear on the SHO list I ask??? Where is the ordered buyin I ask??? I hope every individual who owns shares has filed a complaint with both FINRA and the SEC. Someone needs to bring that one to Matt Tiabbis attention. Some press coverage might do wonders.
Jag makes a good point. One company's exploitation proves that the loopholes exist. If one hedge fund used them you can bet that others are doing the same thing.
What "loopholes" are you talking about? Did you read the article? Exploiting a loophole is, until the loophole's closed, legal. What Ribotsky was doing was anything but. It was blatant fraud.
And everybody--except, I guess for some of his clients--knew about it. Just go back through the years here at IHub, searching on his name.