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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: StockDung who wrote (96224)10/23/2006 4:20:55 PM
From: Patchie  Read Replies (10) of 122087
 
Ironically though, it has been shown that the primary defense against such schemes comes from short sellers instead of the often slow moving Securities and Exchange Commission. The reason, experts point out, is that the short sellers are the only market participants who are right there, since there is an incentive by that group to burst bubbles and disseminate discouraging information. In fact, a Securities and Exchange Commission lawyer noted that short sellers are responsible for early warnings on certain companies that subsequently led to the capture and return to investors funds taken by stock frauds.

The Securities and Exchange Commission has not returned any favors to the short selling community. Not only has the agency burdened short sellers with strict trading rules but they also have virtually ignored it when companies have taken potentially illegal actions to quell short sellers' criticism. For example, the Securities and Exchange Commission has been more than ready to investigate short sellers based on complaints from other firms that the short sellers have said bad things about them.

Now I read here that an SEC lawyer admits to taking cues from short sellers and then a whine about how short sellers get investigated when somebody makes a complaint about them. Heck, what is good for the goose must be good for the gander. This writer sounds like a pumper for short sellers - Floyd, aren't you against pumpers?
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