So for your scenario to be correct:
- Millions of shares of JBI are being held in small brokerage firms.
- Many of those small brokerage firms would be committing a crime.
- They have been doing so for years, on many companies, and never been caught.
- On JBI, they will be caught.
- Once caught they will either be forced to cover at a massive loss, OR they will go out of business and the CFP or SIPC will be forced to cover the NSS.
I'm thinking, that's a lot of stretches.
Edit. from your post - "Most brokers who nss".
NSS is illegal, hence, a crime.