MANIPULATION IS RAMPANT --- Can We Stop It? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : MANIPULATION IS RAMPANT --- Can We Stop It?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: LPS5 who wrote (378)	6/16/2002 9:58:04 PM
From: Dave Gore	Read Replies (1) of 589

LP, the key word is "some" and that word is certainly not incongruous with my trust of a whole lots of politicians and regulators as long as their goal is to improve fairness and restore confidence in the Markets. And boy is the movement underway! The Republicans are even fearing that the Mr. Bush's re-election may depend on it. Anyway, I have no problem with trusting Senator Levin's subcommittee or the NASD to carry out sanctions against offenders and to impose new common sense regulations that will help restore confidence to our Markets. I am alarmed at media articles that address the huge amounts of Foreign money now leaving our Markets due to corruption here, which they view as very serious. Ditto the American investors leaving our Markets, as address by "Business Week" magazine. The fall of the U.S. dollar is troubling as well. But a question I have for you is: "Why is this thread such a threat to you"? Are you representing someone or some group that feels threatened by new regulations? You're trying so hard to discredit and analyze every word and sentence in a effort to deflect eyes and minds from the main issues here --- that of manipulation and corruption and how it is hurting the health of the U.S. Markets as well as the pocketbooks of many small investors. Many postings here are actual media articles, sanctions issued by regulatory bodies, or admissions of guilt by those involved in corruption like Market Markers. It doesn't do any good to blame the messenger. Manipulation and corruption are unfortunately all too common and our Media is shining a bright light on it. For me, that's great news. SOME RECENT POSTS ON THIS THREAD (actual media articles, Press Releases, NASD sanctions and admissions of guilt by Market Makers, Brokerage firms, etc.) Business Week's "How Corrupt is Wall Street" Money Magazine's "The People v. Wall Street" (including apologies of wrongdoing by Merrill Lynch) Myerson and Head Trader Found Guilty of Manipulation by the NASD NASDAQ MM's Admit Guilt; Quietly Pay $1 Billion Fine. Knight Faces Allegations It Cost Investors Millions SEC and NASD Investigate Improper Trading Charges By KATE KELLY Staff Reporter of THE WALL STREET JOURNAL SEC Investigation Cites 30 Market Makers For Fraud Analysts Exposed Thoughts of the NASD Chairman: Regulations, Investor Confidence, etc. Andersen Convicted of Obstruction Tyco Responsible for Utility Bills at Ex-CEO's $10.6 Mln Home etc. etc.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next