Let's hope some folks go to jail over this. A head on a pike is needed to demonstrate you cannot get away with crime just because you work on Wall Street. The whole scene with market makers needs a clean-up. Let's not forget other MMs have helped NITE cover their tracks.
KCG - The SEC should look at the Saviors of NITE to see if they took massive naked short positions ahead of the 45 minute glitch. Were they also naked short selling into the collapse of NITE on August 1, 2012?
Were the shares that were eventually issued by NITE, actually shares issued to cover those massive naked short positions established by the *Saviors of NITE*?