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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Russ B who wrote (51982)6/20/2000 8:41:00 PM
From: Taki  Read Replies (1) of 150070
 
The SEC and NASDAQ should pass these rules
to make it fair for all the investors.
1) Five minute maximum wait on fills on BBs.
2)Stop the naked shorting immediately.
3)?This very serious problem,? Lester said, ?arises from fact that market
makers do not have to report their short positions, as is required for
NASDAQ and NYSE stocks, only their volume. They can secretly hold
huge short positions, hoping that the company will fail and they will rake in
all the money, since they won?t have to buy stock to balance the short
position after all.

This presents OTCBB with another obstacle to overcome in its pursuit of
new credibility and investor confidence, Lester said. Regulations forcing full
disclosure of short positions by market makers would solve the problem
instantly.
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