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

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To: GVTucker who wrote (897)3/19/2006 12:10:17 PM
From: rrufff   of 5034
 
I find some merit in what you are saying. I think with uniform rules and clear requirements as to what is appropriate, much of the manipulation that takes place can be at least made more difficult.

There should be some type of order throughout the financial industry. If a hedge fund is soliciting and its activities, scope and size are similar to a mutual fund's, then there should be similar regulation. It's not something we need to debate here. I'm not calling necessarily for MORE regulation, but rather for more efficient and effective regulation. We've seen plenty of manipulation which the SEC ignored for years in the mutual fund industry. Thank goodness for Eliott Spitzer.

I suggest that we have full disclosure, too. I don't see why hedge funds should have to open its books, though. It is nobody's business but their's, just as you shouldn't have to tell everyone all the stocks you hold, either.
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