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Monday, September 07, 2009

 

gfgf sec action

Details
Ref# T938398
Date/Time 2009/09/04 21:05:32
Status LV1
Summary I did not want or buy gfgf
Description I did not want or buy gfgf. I see that it was delivered and because this is the second problem with the stock I will also complain to the sec. looks like it was the same amount I shorted
Date/Time Sender Comment

2009/09/04
21:05:32 I did not want or buy gfgf. I see that it was delivered and because this is the second problem with the stock I will also complain to the sec. looks like it was the same amount I shorted
2009/09/06
11:29:42 IBCS On September 4 your received an alert "SHORT STOCK POSITION BOUGHT IN".

This alert is to inform you that due to a recall IB is unable meet your settlement delivery obligations for the short stock position(s) listed below for account UXXX992. As current SEC regulations require that all transactions be settled on the standard settlement date, these short stock positions have been bought-in. While IB makes every effort to give advanced notice of a possible buy-in, due to the time frame of this fail, in this instance we were unable to do so. The positions listed below have been bought-in: GFGF (2400 shares) Please note, IB will be unable to make further attempts to locate the shares for the above position. This notification will serve as a final buy-in notification. For additional information on the current regulations relating to stock delivery and short sale practices, please refer to the below web pages: IB../shortableStocks.php Interactive Brokers Risk Management
2009/09/07
13:42:06 Let me restate this I went from being short 2400 shares to being long 2400 shares. I never gave permission to be long this stock, I do understand that sometimes short possitions have to be called in. You may have someone trying to use multiple accounts to influence the price regardless I don't believe I should take a loss on a long possition I did not order and be assured that what happened is all public (posted on the internet showing google adds) and being forwareded to the sec.

IB provides Corporate Action notifications and information on a best efforts basis only. IB does not warranty that this information is accurate, timely, or complete. The information is provided to IB by third party vendors and may be subject to errors and omissions and changes without prior or additional notice. Clients are urged to verify the information prior to using it in their investing and trading decisions by consulting the issuing company's website, financial news services, or by contacting the company's investor relations department.

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