I received the following note regarding SKF, for anyone interested:
Pusuant to Rule 11890(b) NASDAQ, on its own motion, has reviewed and determined to cancel all trades in security UltraShort Financials ProShares (SKF) that were executed on the NASDAQ between 9:33:56 and 11:40et on 9/19/08. This decision cannot be appealed. Marketwatch has coordinated this decision with NYSE-Arca and FINRA. NASDAQ will be cancelling all trades on the paticipant’s behalf. SKF was subject to a regulatory halt on the primary market and no trades should have occured.
The ruling came out late in the day on 9/19/08 and for this reason; any client holding a position in SKF may be incorrect
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More on this topic
(What's this?)
SEC Shorting Ban Briefly Freezes SKF UltraShort Financials Fund
(COTs Timer, 9/19/08)
Proshares UltraShort Financials (NYSE:SKF): Stock of the Day
(Investment U, 1/28/09)
ProShares Reopen For Trading; No Creations Allowed
(Index Universe, 9/19/08)
Wow, this is cool. DJUSFN is currently down 6% and somehow my SKF is also down (3%). Has someone found some new way to screw me?
starting now every priftable trade is a paper trade and only loosing trades are for real…new rules
Where did you find this ???