Replies to post #27307 on Bancorp International Group Inc (fka BCIT)

[Arkait]

serf - the timeline is important to have accurately.
Raymond James was one of the earliest brokers to suspending trading (I don't recall if it suspended just buys, or both buys and sells).
Ameritrade started hanky panky early - Aug 28 allowed only sales, I think. Aug 29 stopped both sales and buys
Scottrade, while denying to a client they would do so, the previous trading day, nonetheless broke their word and stopped trading the next day, which was an entire day before the official halt.
These brokers, alone, manipulated the price downward significantly in just 3 days before the official suspension on Auyg 31, 05.

After the suspension was lifted,on 9/15, Ameritrade allowed a few trades for about an hour, then halted. Scottrade continued to deny trades. A canadian broker was the last trade on 9/16 at very depressed price of .004 (although it was listed as .005).

[ljk]

If Scottrade and Ameritrade were forewarned of the SEC suspension by a day or two, and the SEC is protecting them against a buy-in of the BCIT shares, the collusion between them should be illegal. To whom would it be reported? Spitzer?

Odds are that Scottrade is just lying/mistaken and didn't get forewarning, but it IS possible they did. After all, they all heard from the DTC on August 16th and waited to take action. What caused Ameritrade on 8/29 to suspend trading and Scottrade on 8/30? What prompted it then rather than a week or two earilier if not warning from the SEC?