By: cathejay $$$$
Reply To: None Friday, 7 Jul 2000 at 3:24 PM EDT
Post # of 8085
AS OF 07/07/00 3:12 PM EST MAD AS HELL AND NOT GONNA TAKE IT ANYMORE
BELOW ARE THE LINKS TO ALL OF THE POSTS I HAVE CHANGED THE FORMAT OF THIS POST TO ALLOW FOR MORE INFORMATION. ALL OF THE INFORMATION HAS BEEN COMPILED BY MANY BOARD MEMBERS THANK YOU ALL FOR YOUR HELP. TO BE NAMED LATER :)))))))
MAD AS He-ll POST- CONTAINS FORM LETTERS AND EMAIL ADDRESS
FOR ALL MEDIA AND GOVT AGENCIES.(UPDATED AS MORE ARE ADDED)
ALL JACK BURNEY OTCNN NEWS ARTICLES (UPDATED AS MORE ADDED)
US HOUSE OF REP AND SENATE LINKS
ragingbull.com
ANYONE INTERESTED IN FULL SEC REPORT ON HERZOG CAN EMAIL
ME I WILL SEND TO YOU: CATHEJAY@AOL.COM
CHECK THIS OUT,150 PEOPLE,IN THE LAST 3 DAYS HAVE REPLIED, EN MASS, TO THE SEC CONCEPT PROPOSALl! ITS WORKING.
sec.gov
Short Sales
(Release No. 34-42037; File No. S7-24-99)
SEC ADMINISTRATIVE HEARINGS HERZOG
ragingbull.com
SEC COMMENT FORM
ragingbull.com
GRASSROOTS LET YOUR VOICE BE HEARD
ragingbull.com
NRPI SHAREHOLDERS POINT FINGER AT HERZOG
ragingbull.com
HOW TO MAKE $1575.00 PER DAY ON MM GREED (GOOD ONE)NEW
web.wn.net
JACK BURNEY ARTICLE DATED 7/7/00
ragingbull.com
NEWSPAPERS OF THE WORLD LINKS
ipl.org
MORE MEDIA EMAIL ADDRESSES
ahnews@awink.com,
america@shadowgov.com,
awheeler@freecongress.org,
byork@spectator.org,
bob@lonsberry.com,
chuckm@chuckmorse.com,
cosbyr@foxnews.com,
editor@business-standard.com,
editor@capitolhillblue.com,
editors@interactive.wsj.com,
eldridge@foxnews.com,
ereguly@globeandmail.com,
jimrob@psnw.com,
jmahoney@nydailynews.com,
karen@scmp.com,
kegebein@planttel.net,
kllaw@scmp.com,
martin.wolf@ft.com,
mikepotemra@mindspring.com,
mforton@prodigy.net,
majority.interest@canoemail.com
EMAIL ADDRESS FOR STREET.COM REPORTERS
rkowalski@thestreet.com,
tbyrnes@thestreet.com,
kwolff@thestreet.com,
bfromson@thestreet.com,
jjcletters@thestreet.com,
mingebretsen@thestreet.com,
hgreenberg@thestreet.com,
TO HELP STOP MM MANIPULATION ONE EASY STEP
stopmmmanipulation.com
WRITE YOUR GOVERMENT ONE EASY STEP
stopmmmanipulation.com
JACK BURNEY ARTICLE 7/6
ragingbull.com
Subcommittee on Capital Markets, Securities and Government Sponsored Enterprises
Phone:
202-225-7502 (Majority)
202-225-6511 (Minority)
Fax:
202-2253692 (Majority)
202-225-0764 (Minority)
Room:
2129 Rayburn House Office Building (Majority)
B-301C Rayburn House Office Building (Minority)
Email:
The following links allow you to directly email Committee members with public email addresses listed below en mass. (Note: These group emailing links may not work with some browsers.)
Mail all 15 Committee Members who have email
Mail all 15 Majority Party Committee Members who have email.
WWW Homepage: house.gov
Parent Committee:
House Committee on Banking and Financial Services
If a homepage is maintained by the Congressmember's office, their name is italicized. To retreive much more detailed biographical and contact information about a given Congressmember, click on the in front of their name.
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Majority Party Members (Republicans)
State Member DC Phone District Phone E-Mail
LA Richard H. Baker (R-06) 202-225-3901 225-929-7711 house.gov
OK Frank D. Lucas (R-06) 202-225-5565 405-235-5311 replucas@mail.house.gov
IL Donald A. Manzullo (R-16) 202-225-5676 815-394-1231 house.gov
NC Walter B. Jones, Jr. (R-03) 202-225-3415 252-931-1003 congjones@mail.house.gov
WI Paul Ryan (R-01) 202-225-3031 608-752-4050 pryan@mail.house.gov
NY John Sweeney (R-22) 202-225-5614 518-587-9800 house.gov
IL Judy Biggert (R-13) 202-225-3515 630-655-2052 house.gov
NE Lee Terry (R-02) 202-225-4155 402-397-9944 talk2lee@mail.house.gov
PA Patrick Toomey (R-15) 202-225-6411 610-439-8861 rep.toomey.pa15@mail.house.gov
NJ Marge Roukema (R-05) 202-225-4465 201-447-3900 rep.roukema@mail.house.gov
NY Peter T. King (R-03) 202-225-7896 516-541-4225 peter.king@mail.house.gov
CA Edward R. Royce (R-39) 202-225-4111 714-992-8081 house.gov
TX Ron Paul (R-14) 202-225-2831 361-576-1231 rep.paul@mail.house.gov
UT Merrill Cook (R-02) 202-225-3011 801-524-4394 cong.merrill.cook@mail.house.gov
AL Bob Riley (R-03) 202-225-3261 256-236-5655 bob.riley@mail.house.gov
PA Paul E. Kanjorski (D-11) 202-225-6511 570-825-2200 paul.kanjorski@mail.house.gov
NY Gary L. Ackerman (D-05) 202-225-2601 718-423-2154 house.gov
NY Nydia M. Velazquez (D-12) 202-225-2361 718-599-3658 N/A
TX Ken Bentsen (D-25) 202-225-7508 713-667-3554 house.gov
RI Robert A. Weygand (D-02) 202-225-2735 401-732-9400 robert.weygand@mail.house.gov
TX Max Sandlin (D-01) 202-225-3035 903-938-8386 house.gov
CA Maxine Waters (D-35) 202-225-2201 323-757-8900 house.gov
NY Carolyn B. Maloney (D-14) 202-225-7944 212-860-0606 rep.carolyn.maloney@mail.house.gov
CT James H. Maloney (D-05) 202-225-3822 203-573-1418 house.gov
OR Darlene Hooley (D-05) 202-225-5711 503-588-9100 darlene@mail.house.gov
PA Frank Mascara (D-20) 202-225-4665 724-228-4326 house.gov
OH Stephanie Tubbs Jones (D-11) 202-225-7032 216-522-4900 stephanie.tubbs.jones@mail.house.gov
MA Michael Capuano (D-08) 202-225-5111 617-621-6208 house.gov
Subject: Requesting an investigation of short sales in the OTCBB. (Release No. 34-42037; File No. S7-24-99).
I am writing you this letter to request that you investigate the SEC oversight of the National Security Dealers Association and the Market Makers (MMs) of Over-The-Counter Bulletin Board (OTCBB) Stocks as it relates to the practice of shorting and naked shorting. It is known that the life blood of a small company is access to capital for creation and growth. It is also known that investors who place funds in such companies expect and deserve protection from fraud and manipulation. Small business is a critical building block for jobs and wealth in our economy. MMs have steadily been selling more shares than they have bought, defying the laws of supply and demand, solid company fundamentals and favorable company press releases, resulting in plummeting stock prices. The laws of supply and demand have been denied and investors deprived of fair value. Meanwhile, the company valuation of stock has been greatly reduced and with it, access to investment capital for acquisitions and growth. The MMs are supposed to provide a fair market trading mechanism, yet ,when they become invested through shorting, they actually have a vested interest in seeing the price fall. This practice must be brought under some form of control.
The Securities Act provides certain protective language as it relates to investors. Section 15A(b)(6) of the Securities Act says that the rules of a national securities association must be designed, among other things to prevent fraudulent and manipulative acts and practices and to protect investors and the public interest, and perfect the mechanism of a free and open market. Section 15A(b)(11) requires that association rules be designed to produce fair and information quotations, and to prevent fictitious and misleading quotations. In spite of the intent expressed by these two sections of the Securities Act, and unlike the Nasdaq, NYSE and AMEX, MMs are not required by the SEC to disclose short positions on OTCBB stocks. The MMs can short, even naked short, at will with no checks and balances on OTCBB stocks. This leaves the OTCBB listed companies prey to market manipulation on a scale only limited by the greed and imagination of the MMs. The MMs just keep selling the targeted companies stocks with the idea that they will never have to produce real shares. Their apparent goal is to force the company to fail by depriving it of working capital and discouraging investment. It is my belief billions of dollars are being stolen from investors in this manner. For the MMs, it's a wonderful business; sort of like selling insurance, but never having to pay claims. They get the money, but have no expense or expectation of delivering anything tangible in return. Yet the SEC and NASD seem to look the other way while this unfair and counter productive practice goes on.
My request of you is a simple one. Demand that the MMs are held accountable by making the SEC require mandatory disclosure of MM short positions on all OTCBB listed stocks, proposed under Concept Release No. 34-42037; File No. S7-24-99. In this manner, excessive shorting can be made known to the investing public, monitored for excess and corrected by the SEC/NASD. Then and only then can investors in these stocks be treated with the appropriate protection against fraud and manipulation. Thank you in advance for any help you can provide in correcting this injustice. |
