Victim: Barker Minerals

Victim - Company

Louis E. Doyle founded Barker Minerals Ltd. Currently, he is President, CEO & Non-Independent Director at this company. Mr. Doyle is also Owner at Gold Discovery Enterprises Corp. The Company operates in the Cariboo Gold District of East Central British Columbia, an area that has yielded 3.7 million ounces of gold. Barker Minerals is a victim of naked short selling.  Barker Minerals remains a functioning business despite the fact that the shares ceased trading after they could no longer afford to have financial statements produced by an external auditor. Barker Minerals continues in operations today, primarily using personal funding after the stock ceased trading on 5 April 2019.

Barker Minerals 

Article: UBS, FINRA, and Naked Short Selling: “Duration, Scope and Volume of The Trading Created a Potential for Harm to The Integrity of The Market.”

Article - Media

UBS, FINRA, and Naked Short Selling: “Duration, Scope and Volume of The Trading Created a Potential for Harm to The Integrity of The Market.”

Larry Doyle

Benzinga, 25 February 2013

The firm mismarked millions of sale orders in its trading systems at various times. Extrapolating from the quantified violations indicated that the firm likely mismarked tens of millions of sale orders during the Relevant Period. Many of these mismarked orders were short sales that were mismarked as “long,” resulting in additional significant violations of Reg SHO’s locate requirement.

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