Massive Banks Are Now Getting Fined For Illegal Short Selling

Two massive banks are now getting fined for illegal short selling, according to a new Bloomberg report. Stock market news and more.

3 thoughts on “Massive Banks Are Now Getting Fined For Illegal Short Selling

  1. The fines are far too small and no deterrent whatsoever. It’s just a cost of doing business and they repeat the offence over and over because they don’t have to admit guilt and so technically they have not done anything wrong. The whole system is designed for the suits on Wall St to make money by any means necessary. The amount of manipulation and how long it has been going on is quite staggering. What’s worse is the regulators allow it. It’s like me stealing a car every week and the judge gives me a 10 cent fine if I just pay it without quibble. Then I don’t have to admit anything. There would be no cars left with their owners.

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