Foreign Collusion, Naked Shorting (Counterfeiting) & Money Laundering — All Illicit Wealth
World’s largest pension fund halts stock lending to short sellers
Tim Kelly
Reuters, 3 December 2019
TOKYO (Reuters) – Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension fund, has suspended stock lending for short selling, calling the practice inconsistent with its responsibilities as a long-term investor.
International Assets Advisory, LLC Fined by FINRA
An AWC was issued in which the firm was censured, fined $30,000 and ordered to pay $92,805.13, plus interest, in restitution to customers. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it failed to establish, maintain and enforce a supervisory system, including WSPs, reasonably designed to ensure compliance with FINRA Rule 2111 in relation to the sale of non-traditional exchange traded products (NT-ETPs).
D.A. Davidson & Co Fined by FINRA
An AWC was issued in which the firm was censured, fined $85,000 and required to provide to FINRA a plan for reviewing the securities detailed in the AWC to identify and then provide notice to the issuers of inaccuracies in the issue price certificates. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that in connection with municipal offerings, it provided inaccurate or misleading statements in its issue price certificates related to the percentage of each maturity that was sold, or was reasonably expect to be sold, to the public.
THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?
