Post by tramp on Oct 1, 2007 11:40:12 GMT -5
millionaires.proboards86.com/index.cgi?board=main&action=display&thread=1191250659
Hi All
Five consecutive settlement days for CMKX;USCA and SGGM?
www.nasdaqtrader.com/trader/news/2006/technicalupdates/tu2006-010.stm
The Securities and Exchange Commission (SEC) recently approved NASD’s Rule 3210. In support of this new rule, NASDAQ®, as NASD’s service provider, will expand the current Regulation SHO Threshold Security List to include non-reporting OTC equity securities that for five consecutive settlement days have:
* aggregate fails to deliver at a registered clearing agency of 10,000 shares or more; and
* a reported last sale during normal market hours (9:30 a.m. to 4:00 p.m., ET) that would value the aggregate fail to deliver position at $50,000 or more.
Please note: There will be no changes to the Regulation SHO calculations for reporting companies1 currently in effect.
__________________________________________________
Grandfather Provision Eliminated
October 15th
Readers here is why October 15th is a historic date for all stocks. On this date a major countdown begins for failed to delivers. This will change the entire markets!
SEC Regulation SHO sets out rules governing short sales, including the mandatory close-out requirement that applies to securities in which a substantial amount of fails to deliver have occurred (“threshold securities”). Clearing agency participants and broker-dealers for which they clear positions (“participants”) must take immediate action to close out a fail to deliver position in a Threshold Security that has lasted for 13 consecutive settlement days by purchasing securities of like kind and quantity (“close-out requirement”).
The amendment eliminates one of the exceptions to the Close-out Requirement for fails to deliver established prior to a security becoming a Threshold Security (“grandfather provision”). The amendment requires Participants to close out any previously-grandfathered fails to deliver in a security that is on the Threshold Security List on October 15th. The close-out must occur within 35 consecutive settlement days of October 15th. If a security becomes a Threshold Security after October 15th, all fails to deliver must be closed out within 13 consecutive settlement days.
SEC Link: tinyurl.com/2ofmao
Important Link: Knight Capital Worried about Reg Sho Changes
Capten from Cologne
« Last Edit: Today at 10:04am by capten » Link to Post - Back to Top Logged
Re: CMKX,USCA,SGGM a "non-reporting OTC equity" ??
« Reply #1 on Today at 10:20am »
--------------------------------------------------------------------------------
Regulation SHO Threshold Security List
www.nasdaqtrader.com/aspx/regsho.aspx
Background
As defined in Rule 203(c)(6) of Regulation SHO, a “threshold security” is any equity security of any issuer that is registered under Section 12 of the Exchange Act, or that is required to file reports under Section 15(d) of the Exchange Act (commonly referred to as reporting securities), where, for five consecutive settlement days:
* There are aggregate fails to deliver at a registered clearing agency of 10,000 shares or more per security;
* The level of fails is equal to at least one-half of one percent of the issuer’s total shares outstanding; and
* The security is included on a list published by a self-regulatory organization (SRO).
A security ceases to be a threshold security if it does not exceed the specified level of fails for five consecutive settlement days.
The Securities and Exchange Commission (SEC) has amended Regulation SHO to eliminate the “grandfather provision” effective October 15, 2007. Please refer to Regulatory Alert #2007-086 for complete details.
On January 2, 2007, a Regulation SHO Threshold List for NASDAQ and OTCBB stocks was not published on NASDAQTrader.com. As a result, certain original published Regulation SHO Threshold/NASD 3210 Lists listed below have been modified. Please review General News 2007-022 for complete details.
Certain securities included in the July 7, 2006, Regulation SHO Threshold List published on the NASDAQ Trader website should not have been included. Firms are advised to refer to NASDAQ's General News item and review the revised list of securities subject to the Regulation SHO requirements for July 7, 2006.
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retflyr2
Re: CMKX,USCA,SGGM a "non-reporting OTC equity" ??
« Reply #2 on Today at 10:21am »
--------------------------------------------------------------------------------
You might have known they would give the brokers an out on this.
If a broker does not comply with-in 35 days in covering the NSS, he can no longer short that very same stock in the future.
So the Brokers hands have only been slapped only again, IMO. Nothing about going to jail, prison or fined, or excluded from every being a Broker again!
HHHMMMmmm
\\\\Rf2////
« Last Edit: Today at 10:24am by retflyr2 » Link to Post - Back to Top Logged
--------------------------------------------------------------------------------
Most shareholders are only searching for the truth of past events or the lack of them, for the potential of a shareholders ROI. (Return of Investment)
Always striving to post beyond the usual dribble postings
capten
Re: CMKX,USCA,SGGM a "non-reporting OTC equity" ??
« Reply #3 on Today at 10:32am »
--------------------------------------------------------------------------------
USCA & SGGM is of the list.
What do I need to know about the Regulation SHO Threshold List?
On January 2, 2007, a Regulation SHO Threshold List for NASDAQ and OTCBB stocks was not published on NASDAQTrader.com. Although the equities markets were closed in observance of the National Day of Mourning in honor of former President Gerald Ford, normal T+3 settlement process was operational. As a result, the original published Regulation SHO Threshold/NASD 3210 Lists listed below have been modified. On August 3, 2007, a summary of the changes for each trade date listed below will be available via the NASDAQ Trader® website at ftp.nasdaqtrader.com/symboldirectory/regsho under the file name "Reg SHO Security Summary Jan 2 2007.txt". In addition, revised lists of securities will be generated for the trade dates below.
Index von ftp.nasdaqtrader.com/symboldirectory/regsho/
Hi All
Five consecutive settlement days for CMKX;USCA and SGGM?
www.nasdaqtrader.com/trader/news/2006/technicalupdates/tu2006-010.stm
The Securities and Exchange Commission (SEC) recently approved NASD’s Rule 3210. In support of this new rule, NASDAQ®, as NASD’s service provider, will expand the current Regulation SHO Threshold Security List to include non-reporting OTC equity securities that for five consecutive settlement days have:
* aggregate fails to deliver at a registered clearing agency of 10,000 shares or more; and
* a reported last sale during normal market hours (9:30 a.m. to 4:00 p.m., ET) that would value the aggregate fail to deliver position at $50,000 or more.
Please note: There will be no changes to the Regulation SHO calculations for reporting companies1 currently in effect.
__________________________________________________
Grandfather Provision Eliminated
October 15th
Readers here is why October 15th is a historic date for all stocks. On this date a major countdown begins for failed to delivers. This will change the entire markets!
SEC Regulation SHO sets out rules governing short sales, including the mandatory close-out requirement that applies to securities in which a substantial amount of fails to deliver have occurred (“threshold securities”). Clearing agency participants and broker-dealers for which they clear positions (“participants”) must take immediate action to close out a fail to deliver position in a Threshold Security that has lasted for 13 consecutive settlement days by purchasing securities of like kind and quantity (“close-out requirement”).
The amendment eliminates one of the exceptions to the Close-out Requirement for fails to deliver established prior to a security becoming a Threshold Security (“grandfather provision”). The amendment requires Participants to close out any previously-grandfathered fails to deliver in a security that is on the Threshold Security List on October 15th. The close-out must occur within 35 consecutive settlement days of October 15th. If a security becomes a Threshold Security after October 15th, all fails to deliver must be closed out within 13 consecutive settlement days.
SEC Link: tinyurl.com/2ofmao
Important Link: Knight Capital Worried about Reg Sho Changes
Capten from Cologne
« Last Edit: Today at 10:04am by capten » Link to Post - Back to Top Logged
Re: CMKX,USCA,SGGM a "non-reporting OTC equity" ??
« Reply #1 on Today at 10:20am »
--------------------------------------------------------------------------------
Regulation SHO Threshold Security List
www.nasdaqtrader.com/aspx/regsho.aspx
Background
As defined in Rule 203(c)(6) of Regulation SHO, a “threshold security” is any equity security of any issuer that is registered under Section 12 of the Exchange Act, or that is required to file reports under Section 15(d) of the Exchange Act (commonly referred to as reporting securities), where, for five consecutive settlement days:
* There are aggregate fails to deliver at a registered clearing agency of 10,000 shares or more per security;
* The level of fails is equal to at least one-half of one percent of the issuer’s total shares outstanding; and
* The security is included on a list published by a self-regulatory organization (SRO).
A security ceases to be a threshold security if it does not exceed the specified level of fails for five consecutive settlement days.
The Securities and Exchange Commission (SEC) has amended Regulation SHO to eliminate the “grandfather provision” effective October 15, 2007. Please refer to Regulatory Alert #2007-086 for complete details.
On January 2, 2007, a Regulation SHO Threshold List for NASDAQ and OTCBB stocks was not published on NASDAQTrader.com. As a result, certain original published Regulation SHO Threshold/NASD 3210 Lists listed below have been modified. Please review General News 2007-022 for complete details.
Certain securities included in the July 7, 2006, Regulation SHO Threshold List published on the NASDAQ Trader website should not have been included. Firms are advised to refer to NASDAQ's General News item and review the revised list of securities subject to the Regulation SHO requirements for July 7, 2006.
Link to Post - Back to Top Logged
retflyr2
Re: CMKX,USCA,SGGM a "non-reporting OTC equity" ??
« Reply #2 on Today at 10:21am »
--------------------------------------------------------------------------------
You might have known they would give the brokers an out on this.
If a broker does not comply with-in 35 days in covering the NSS, he can no longer short that very same stock in the future.
So the Brokers hands have only been slapped only again, IMO. Nothing about going to jail, prison or fined, or excluded from every being a Broker again!
HHHMMMmmm
\\\\Rf2////
« Last Edit: Today at 10:24am by retflyr2 » Link to Post - Back to Top Logged
--------------------------------------------------------------------------------
Most shareholders are only searching for the truth of past events or the lack of them, for the potential of a shareholders ROI. (Return of Investment)
Always striving to post beyond the usual dribble postings
capten
Re: CMKX,USCA,SGGM a "non-reporting OTC equity" ??
« Reply #3 on Today at 10:32am »
--------------------------------------------------------------------------------
USCA & SGGM is of the list.
What do I need to know about the Regulation SHO Threshold List?
On January 2, 2007, a Regulation SHO Threshold List for NASDAQ and OTCBB stocks was not published on NASDAQTrader.com. Although the equities markets were closed in observance of the National Day of Mourning in honor of former President Gerald Ford, normal T+3 settlement process was operational. As a result, the original published Regulation SHO Threshold/NASD 3210 Lists listed below have been modified. On August 3, 2007, a summary of the changes for each trade date listed below will be available via the NASDAQ Trader® website at ftp.nasdaqtrader.com/symboldirectory/regsho under the file name "Reg SHO Security Summary Jan 2 2007.txt". In addition, revised lists of securities will be generated for the trade dates below.
Index von ftp.nasdaqtrader.com/symboldirectory/regsho/