Replies to post #577 on The Blind Squirrel

[fourkids_9pets]

According to the SEC’s order, Bell effected naked short sales from December 2006 to June 2007 while working as a broker-dealer himself and then later as the principal trader at Chicago-based broker-dealer GAS I LLC, which is no longer in business. Bell and GAS engaged in two specific types of transactions that violated the locate and close-out requirements of Regulation SHO. The first type of transaction — a “reverse conversion” or “reversal” — involves selling stock short and simultaneously selling a put option and buying a call option on the stock. The second type of transaction is a combined stock-and-option transaction that is essentially a sham and creates the illusion that the party subject to a close-out obligation has satisfied that obligation by buying the same kind and quantity of securities it has sold short.

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gee maybe b4 i drop dead of old age .. the *incompetents and
collusionistas* working at the SEC will manage to file aspects
in a more timely fashion .. say .. *bogus bs* done in the last 12 mos

who am i kidding .. of course you realize Z .. that this will
require new talking points from the hedgie trolls who are so
used to *conditioning* by rote ;-)

i still lol reading *posts* from 2007 and 2008 when per said posts
there was no such thing as penny stocks being shorted let alone
<gasp> NSS .. that of course had to evolve to a liquidity issue
specific to MMs' after that project and incredible moron chris cox
admitted .. that yeppers .. NSS did exist .. and anyone who isn't
a hedge fund troll .. and has functioning gray matter .. understands
the *appeal* any stock on the poorly watched OTC has for *abusive shorts*

hollywood couldn't write this crap any better yet this is the system
that *retail* gets to rely on for their investments .. excellent

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4kids
all jmo