Article: David Dayen Series on Naked Short Selling

Article - Media

David Dayen, a persistent chronicler of how oligarchs exploit the financial system to enrich themselves at the expense of others, writes about Chris DiIorio, a stock analyst who for 10 years has obsessively investigated how exactly he came to lose $1 million on one penny stock. A remarkable story ensues.  All article in The Intercept.

The Money is Gone (22 September 2016)

Big Players, Little Stocks, and Naked Shorts (23 September 2016)

Naked Shorts Can’t Stay Naked Forever (24 September 2016)

Calling the SEC (25 September 2016)

Turning Up Like A Bad Penny (26 September 2016)

Were Paper Losses the Goal All Along (27 September 2016)

The Half Billion Glitch (28 September 2016)

 

 

Article: Whisleblower Vindicated Massive Trading Firm Knight Capital Charged With Abusing “Naked Shorts”

Article - Media

Whisleblower Vindicated: Massive Trading Firm Knight Capital Charged With Abusing “Naked Shorts”

David Dayen

The Intercept, 15 December 2016

Back in September, I wrote a seven-part series at The Intercept chronicling how former Wall Street trader Chris DiIorio, determined to figure out how he lost a small fortune on a penny stock, came to the conclusion that gigantic market-making firm Knight Capital, now known as KCG, repeatedly violated federal regulations meant to prevent abuse in what are known as “naked short sales.”

Read full article.

THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?