Commentary

Themis Trading
Traders Magazine Online News

Ain't Gonna Be No Bitcoin ETF

In this reposted bog from Themis Trading, the authors write that sometimes investors need to be protected from themselves - starting with the Bitcoin ETF.

Traders Poll

Would you like to see more stories about Cannabis and trading?





Free Site Registration

November 1, 2002

Phantom Sales

By Editorial Staff

Swift Trade Securities USA and its president, Peter Beck, have reached a settlement with the NASD, requiring the two to pay a $75,000 fine from "fictitious" wash sales. They were also required to pay back $26,000 in profits from the transactions. Joseph Ianni, Swift's vice president of compliance, was also fined by the NASD for inadequate supervision of what the NASD said was a "deceptive trading practice." According to the regulators, Swift, a Toronto brokerage, operated a computer software program that simultaneously routed offsetting limit orders for QQQs to the Island ECN.

ART-