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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation?
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To: rrufff who wrote (2401)3/28/2007 5:38:04 PM
From: NightOwl  Read Replies (2) of 5034
 
In closing, my parting shot will come from former Hedge Fund Manager Jim Cramer who claims stock manipulation is easy "because the SEC doesn't get it,” To date Cramer has proven to be 100% accurate with his statements.

Make no mistake... The SEC understands exactly what this fraud is all about. There is no question about it. That's why the SEC is dragging its feet.

And it's also why there will never be any "special prosecutor" appointed by Congress or anyone else to look into it. Moreover, should any state Attorney General make the attempt, there is no question but that the staff of the SEC will be assigned to stonewall and obfuscate the effort at every turn... up to and including perjury if need be.

Simply put... there will never be any effective regulation of naked shorting without the ability to perform an audit of Broker/Dealer accounts held by the various subsidiaries of the DTC. Wall Street and the SEC both will do whatever it takes to prevent that from ever happening.
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