I'd welcome that, Max. However, I've found that public officials are more likely to actually read something that is not boilerplate. It's gotten to the point that campaigns with form letters are pretty much ignored unless the numbers are enormous. That may sound like a contradiction. But what I'm saying, is that it probably is good to flood with form letters, but I'm not sure if this is the type of issue YET that will get the masses involved. It's too complicated and most people believe, falsely, that it does not affect them.
So, if you can't find a form, I'd suggest a letter to Spitzer or your own state AG and state securities regulators, Congressmen and Senators, SEC, White House, etc., with your concerns about naked shorting, which essentially amounts to counterfeiting of shares, the need for open information and fair markets for small and large investors alike, the failure to follow rules and regulations with respect to clearance of trades, including but not limited to the use of foreign accounts. You could also add your concerns about hedge funds and large investors who are able to short ahead of and into private placements and convertible financing transactions, all to the detriment of us small investors who do not have this ability. These funds and large investors are able to skirt loopholes and use resources around the world to accomplish what average investors cannot do, and all at the expense of average investors.
Concerns about manipulation, lack of fairness, lack of transparency in information is all intertwined in these issues.
If you feel comfortable, send copies to local media.
Just some suggestions. |
