Dinosaur Financial – Financial Treason & Crime

Robert Schmidt and Ben Bain

Bloomberg, 18 May 2020

If Overstock’s dividend plan proves successful, the implications for U.S. markets could be significant. More companies may decide to dabble in digital assets or add restrictions to their shares, especially if they find that doing so gives them more sway over their investors. On Wall Street, brokerage firms and exchanges are loath to see the launch of any security that raises the specter of a monopoly and could cut them out of trading and listing fees.

Continue reading “Article: Overstock Fights Wall Street Over Dividend Amid 400% Rally”

05/11/2020

Tip: Market Makers (aka Naked Short Sellers) To Watch Out For

Tip

Most aggressive in bold.

Alpine Securities Corporation
Alternative Execution Group
Ascendiant Capital Markets LLC
Biltmore International Corporation
BMA Securities
BTIG LLC
Buckman, Buckman & Reid, Inc.
CRT Capital Group LLC
D. A. Davidson & Co.
Delaney Equity Group LLC
Dinosaur Financial Group LLC
Fig Partners LLC
Glendale Securities Inc.
GMP Securities LLC
Intl Fcstone Financial Inc.
Keefe, Bruyette & Woods, Inc.
Maxim Group LLC
Monroe Financial Partners Inc.
Puma Capital LLC
Rafferty Capital Markets LLC
Raymond James & Associates Inc.
R. F. Lafferty & Co. Inc.
Spartan Securities Group LLC
Stifel, Nicolaus & Company, Incorporated
Stockcross Financial Services, Inc.
The Vertical Trading Group LLC
Tradition Asiel Securities Inc.
T.R. Winston & Company LLC
Vandham Securities Corporation
Vfinance Investments, Inc.
Wall Street Access
Wedbush Securities Inc.
Wilson-Davis & Co. Inc.

08/01/201905/17/2020

Fined: Dinosaur Financial Group, L.L.C Fined by FINRA

Fined

Dinosaur Financial Group, L.L.C Fined by FINRA

An AWC was issued in which the firm was censured, fined $200,000 and required to review and revise its systems and procedures (written and otherwise) regarding the supervision of its Trade Reporting and Compliance Engine (TRACE®) and Municipal Securities Rulemaking Board (MSRB) trade reporting to ensure that its systems and procedures are reasonably designed to achieve compliance with all securities laws, regulations and FINRA rules. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it failed to report, timely report and/or correctly report TRACE-eligible securities transactions.

Read full report.