Another release of previous news. Every bit helps. -------------------------------------------------------------------------
Trading Firm Sues Over Short-selling Fees Source: InstitutionalInvestor.com
The same day that investment banks got the bad news that they faced a possible class-action targeting their prime brokerage businesses, an institutional trading firm has sued 11 Wall Street giants over alleged naked short-selling fees. Electronic Trading Group accuses the broker-dealer units of the banks of charging securities lending fees without actually delivering the borrowed stock. The suit, filed in Manhattan federal court, seeks triple damages and, like the rumored hedge fund suit from law firm Milberg, Weiss, Bershad & Schulman, class-action status.
"Plaintiffs and class members" – which, presumably, include many HFs – "were charged fees, commissions and/or interest for nothing," the complaint alleges.
The defendant list reads like an all-star team of Wall Street banks: Bank of America, Bank of New York, Bear Stearns, Citigroup, Credit Suisse Group, Deutsche Bank, Goldman Sachs, Lehman Brothers, Merrill Lynch, Morgan Stanley and UBS are all named. A spokeswoman for Citigroup told Reuters that the suit is without merit.
johmond: So proboards wants a contribution now, how about they put back 1MM's......
Feb 24, 2021 18:00:23 GMT -4
mayz: Still here and keeping the faith.
Feb 24, 2021 18:35:01 GMT -4
Jed: Did you ALL know that Proboards was collecting and selling our personal information all these years??? Scroll to the very bottom of the donation page www.proboards.com/contribute See where it says “Do Not Sell My Personal Information"
Feb 24, 2021 20:16:41 GMT -4
narvo: Wondering if anyone here ever knew the shareholder last name Ehmann from the desert area of California? He was a good man and he liked fell off the face of the Earth. I am sensing a bad feeling. He held many shares. Thx, Narvo
Feb 25, 2021 0:20:13 GMT -4
bbildman: 2 Covid Moderna vaccine shot done, nd I am still alive
Feb 25, 2021 16:14:52 GMT -4
narvo: Another link with CMKX in it.QFS Schedule: According to Military Intel Contact Tier 4B should be notified to set redemption/ exchange appointments on Mon. 1 March or Tues. 2 March,though it may happen sooner.QuantumFinancialSystem anonup.com/thread
Feb 28, 2021 0:02:28 GMT -4