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Microcap & Penny Stocks : BCIT.... $1 or bust. Tale of "A broker's Plea for shares"

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From: M0NEYMADE2/5/2007 5:39:00 PM
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The shot that was fired over the bow "Naked Short Victim Strikes Back $3.5 billion lawsuit"
Overstock's suit names Morgan Stanley (nyse: MS - news - people ), Goldman Sachs (nyse: GS - news - people ), Bear Stearns (nyse: BSC - news - people ), Bank of America (nyse: BAC - news - people ), Bank of New York (nyse: BK - news - people ), Citigroup (nyse: C - news - people ), Credit Suisse (nyse: CS - news - people ), Deutsche Bank (nyse: DB - news - people ), Merrill Lynch (nyse: MER - news - people ), and UBS (nyse: UBS - news - people ) as defendants. None of the defendants had any immediate comment on the suit.

Byrne's self-described crusade against trading abuses over the last two years has brought a heap of criticism down on him, but regulators have acknowledged that there are loopholes that make the system ripe for abuse.READ FULL ARTICLE
forbes.com
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