Replies to post #191272 on Fortress Financial Group fka FFGO

[Militia Man]

Sure looks like it to me.. I sure hope that RICO comes into play for their abusive selling in FFGO, etc..

FINRA has some things to say about REG SHO the "" 100% Go to place for Short numbers.. Just think even FINRA says thay are a sham in so many words..

8 Certain OTC transactions (e.g., riskless principal and agency transactions where one member is acting on behalf of another member) are reported to FINRA in related tape and non-tape reports. Tape reports are submitted to FINRA for public dissemination by the appropriate exclusive Securities Information Processor (“SIP”), while non-tape reports are submitted to FINRA, but are not submitted to the SIP for public dissemination. FINRA will not be including non-tape reports in either the daily short sale volume file or the monthly short sale transaction file. Accordingly, in those instances where the short sale indicator is only included in the related non-tape report, the short sale data published in the daily and monthly files may be under-inclusive. Similarly, the published figures will not include odd lots since these transactions are not disseminated to the consolidated tape.

11 While members generally are required to report trades in equity securities to FINRA within 90 seconds, a firm could improperly delay reporting of short sales until well after the close, which would result in the under-reporting of over-the-counter short sale volume. Delaying the reporting of trades for such a purpose would be considered a violation of the applicable trade reporting rules and Rule 2010 (Standards of Commercial Honor and Principles of Trade).

http://www.sec.gov/rules/sro/finra/2009/34-60807.pdf

[Militia Man]

Not good at all in FFGO.. I see there are pages of new things coming to light.. Abusive naked short selling won't be an issue.. imo