Any recourse for COCO?

I think it's time to contact a "senior" buddy of mine at the FBI regarding this horseshit. They love investigating this kind of stuff. The SEC simply turns a blind eye.
 
I'm probably grasping at straws here, but didn't the Nasdaq create a slew of illegal short sales when they busted all the earlier trades? I mean, if you really flat but you think you're long and you sell shares that you don't own, wouldn't those sales be illegal unless they met the short sale requirements?
 
you guys don't get it. they don't care about you and they don't want you trading. they tell you this all the time by there actions. anyone here ever get screwed by the specialist and look for help hello there in none. they told you this when they outlawed bullets too. your are the little guy if they let all trades stand how do they handle the fund company that sold? how do they help the company that screwed up? its just like government they help big business not you.
 
I was short in COCO before the "fall", covered and reversed position when it finally bottomed out, realized I had hit my goal for the day, closed all my positions. I'm not going to complain that NASDAQ busted the trades, I'm not going to complain I went from an up day to a down day, and I'm not even going to complain that the big guys get away with murder and the little guys get screwed. HOWEVER, when my broker called me 3 hours later to inform me that after busting all the trades they had finally decided I was long in COCO at $2.40 per share over current market price , even though their trading platform showed I had no open positions ( they said I would have to re-boot to get the new figures) and wanted to know what I wanted to do.... That did bother me. I suppose I should just be grateful they reached me before they left for the weekend.
 
Quote from ThatManFromTx:

...HOWEVER, when my broker called me 3 hours later to inform me that after busting all the trades they had finally decided I was long in COCO at $2.40 per share over current market price , even though their trading platform showed I had no open positions ( they said I would have to re-boot to get the new figures) and wanted to know what I wanted to do....
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maybe someone else parked a trade in your account
 
Quote from Toonces:

I'm probably grasping at straws here, but didn't the Nasdaq create a slew of illegal short sales when they busted all the earlier trades? I mean, if you really flat but you think you're long and you sell shares that you don't own, wouldn't those sales be illegal unless they met the short sale requirements?
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Good point. Now if you have a spare million or two or a geneours lawyer friend, you might get some resolution by about 2020.

In the meantime, just buy yourself a high calibre weapon and introduce it to the reproductive organs of your nearest Nasdaq representative.
 
Quote from Toonces:



Scroll to the bottom on the right side or the left side of the screen? Either way, I can't find it.
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scroll to the bottom on the left side. as you can tell, its listed numerically going from 1000 down to 8000 (from top to bottom). you will see a "+" next to the 8000. that means that there's more. if you click on the "+", it will show all the procedural rules down to 11900. from there, if you scroll to 11890, you will see in the right window the full explanation.
 
Was this a trade entry error or a software/hardware glitch? Makes a difference.

Let's say a MM experiences some catastrophic hardware failure, that sends unlimited shares of MSFT for sale at 10 cents. Do you expect that they should be held to that trade?

This was not nearly that extreme, and I feel sorry for anyone that lost money , but Nasdaq does step in to protect firms in the event of clear and costly errors. Would they do the same for a private trader? Don't know, but I doubt it.
 
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