What usually happens in a (fat finger) case like this? Those that bought at 38 are rich, those who fat-fingered short at 38 are broke. Will the brokers be required to fix this (after the fact) or are there no recourse for those who 'made' the mistake?
i have mixed feeling because i bought 1/30 of what i could. will have to cry myself to sleep for about 10 years if they hold. yet who can say no to the free money? anyone remember coco a few years back? had a 10+ point down move due to fat fingered market order - nasdaq said the trades stood, everyone bails out of their longs for 10 pts and lots of profit, then nasdaq reverses the ruling and the stock gets squeezed up 10 more pts screwing anyone who got out, since they were all short from the price they thought they closed out on
the only way you keep these is if the guy that did it died, and ISLD didnt notice the trade. 1000000000000000000000000000000 -1