Tip as received via email:
how about the auditors of the major brokerage firms?
IF Goldman executed your trade they were paid a commission How do they record the commission? They didn’t earn it YET why because they never settled your trade so these open trades was never settled SO the income has not been earned
Its a liability to the firms.
ROBERT STEELE: This tallies with Susanne Trimbath’s comments in her recent interview ( below) in which she confirms that shareholders are out of luck but liability remains for those who were lied to by banks and funds; people who received monthly statements showing they owned shares, when no shares were actually purchased for them nor held in their name.
