Naked Shorting-Hedge Fund & Market Maker manipulation? Message Board

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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation?

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From: rrufff	3/17/2005 6:44:53 PM
	of 5034

Find a problem and make it worse. I'm getting disgusted with all the complaints about Sorbanes Oxley and the way auditors have brought out the worst. I'm not sure we have a whole lot more protection against the Enrons, WCOM's and other scams. I'm hearing that auditors are getting so much money, making so much work, getting huge hourly rates, all to make sure that companies are able to catch the thieves among themselves. I'm in favor of making CEO's and management accountable for scams in their companies, particularly when CEO's often make a very high percentage of profit, if there is a profit, in companies. The Sgt Shultz defense "I know nothing!!" didn't work for Ebbers and it shouldn't work for any CEO. So far, Sorbanes Oxley has just created huge bucks for auditors and lawyers, given crooked CEO's a way to cover their arses and cost a lot of earnings and hurt share prices, as well as caused many companies to go private. It doesn't take 2 million bucks to make sure your company is not scamming. All it takes is a nose.

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