We arn't supposed to know all the naked shorts are hidden in ex clearing. That is supposed to be kept secret otherwise FINRA and the SEC will look bad. The talking point is that naked shorting is only done by market makers to provide liquidity and is only a temporary situation. The question posed by a former SEC Chairman is "how much fraud are you willing to accept for liquidity?" We know a lot of fraud was provided in BCIT's case and sadly the fraud continues to be going on as shareholders are lied to on a daily basis by brokerage firms and regulators. Thanks Tom Megas and the Carlton Huxley Group for having the courage and integrity to expose these fraudsters. Go BCIT!!! I wonder when the next case goes to court?
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