The correct holding amount was 12 contracts, or 1,200 shares— not 12 million shares, as was filed in error.

In submitting the required report for the second quarter of 2024, a multiplier was applied by a third-party vendor that increased the number of the shares by a multiple of 10,000 for all options contracts (not just DJT).

Lol. They're not even claiming one error. They're claiming two. A normal options contract is 100 shares. Typing 1,200 instead of 12 (neglecting the 1:100) for 1,200 shares is understandable if you were brand new to options - which no one at a fucking wealth management firm should be. But then they're also claiming that some third-party vendor made it 1:10,000. So they wanted 12 contracts for 100 shares each and instead asked for 1,200 contracts of 10,000 shares each.

The first "error" is hard to evaluate either way. The second one though... were all their options trades in that filing off by a factor of 100 (10k vs 100)? Or did it mysteriously affect only the one trade?

BUT if that option position never actually existed and everything in that filing just misrepresented their actual positions by x100... partially plausible, but still looks awful bad.