The data was obtained this week by a Freedom of Information Act request from David Patch, an outspoken critic of the SEC and an active participant in the drive for reform of market regulations and enforcement.
Data obtained under a Freedom of Information Act request by David Patch, a well-known blogger in the movement to eradicate manipulative naked short-selling, showed an astonishingly high degree of trade settlement failures in Global Links shares in the days and weeks following a 350-to-1 reverse split in February 2005.