LMAO you are one freaking gullible dude!
Go check into how the DTCC assisted the NASD/SEC in resolving the GVRP crisis.
Imagine a stock with an OS of 11, Max auth of 33, and a float of 1.
This was the reality with a pending 3,000,000 to 1 forward split.
Post FS back to an OS of 33M, float of 3M, and a max auth of 100M.
Ok I guess the Max auth was always 100M but in theory it was 33 pre FS as such.
Here comes the good part - the company releases a PR admitting that some insiders and their friends had mistakenly sold 138,000 shares in error in advance of the forward split.
Even though the rules as defined by the SEC state that in such circumstances those selling shares in advance would become responsible for covering any dividends they conveniently discarded the rule to protect their broker friends who had clients who could never cover a 480,000,000,000 short position of a stock with a float of just 3,000,000.
When regulators act to break their own rules - thats called FRAUD!
In China those regulators would not be around today!
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