They were prevented from selling or trading any stocks on behalf of their
clients based on their inability to produce records, so the question I had
was "if the clients lose money as a result of the firm being penalized, who
pays the cost of the losses to the clients?"

The link here was to a story that indicated between when the penalty was
enacted, the market dropped in value.  Does it make sense that the clients
have to shoulder the losses because their stocks were locked up?

On Mon, Oct 31, 2011 at 4:08 PM, Peter Kurilecz <[log in to unmask]>wrote:

> what does this have to do with the previous story?
>
>  not surprised about the selloff. the market has been doing this for quite
> sometime
> see this chart http://finance.yahoo.com/q/bc?s=%5EDJI+Basic+Chart&t=3m
>
> On Mon, Oct 31, 2011 at 5:06 PM, Larry Medina <[log in to unmask]
> >wrote:
>
> > Well, it's happening...
> >
> > http://goo.gl/L0vNd
> >
> > "Those nerves sparked a steep sell-off on Monday. The Dow Jones
> industrial
> > average lost 276 points, or 2.3 percent, the S&P 500 fell 32 points, or
> 2.5
> > percent, and the Nasdaq Composite dropped 53 points, or 1.9 percent.
> > Financial stocks were among the big decliners in early trading, with
> shares
> > of JPMorgan Chase, Goldman Sachs, Bank of America, Morgan Stanley and
> > Citigroup all down between 4 percent and 8 percent."
> >
> >
> > How will these impacts be calculated and who takes the hit?
> >
> > Larry
> > [log in to unmask]
>
> --
*Lawrence J. Medina
Danville, CA
RIM Professional since 1972*

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