SI
SI
discoversearch

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.
Microcap & Penny Stocks : BCIT.... $1 or bust. Tale of "A broker's Plea for shares"
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: M0NEYMADE who wrote (97)4/25/2007 9:51:21 PM
From: M0NEYMADE   of 209
 
[ State Bill 979] Just passed...Best part: "The bill also lists the rights of purchasers of stock who don’t receive delivery to pursue legal action against broker-dealers to recover money lost because of failures to deliver, as well as interest, attorney’s fees, and damages. It is expected that this bill will now be used as a model by other states that are interested in protecting their own citizens’ rights to buy and sale stock with the assurance that what they are paying for is actually delivered, and in assuring that companies that decide to raise money in the stock market won’t become victims to stock manipulation and fraud.

While the NASAA doesn’t comment on individual state efforts concerning stock market reform, General Counsel Rex Staples did say that the “NASAA’s position is the same that we’ve held all along as an organization. We will continue to push for resolutions to the problems that we see with naked short selling. At the same time, I’m taking SEC Chairman Cox at his word that he’s going to do something about the issue on a federal level.”

While it’s almost a certainty that attorneys for the securities industry will challenge the new law, as they did in Utah, advocates feel certain that the Oklahoma legislation is written to comply with federal guidelines.

We have posted the final version of Oklahoma State Bill 979 in its entirety at:
faulkingtruth.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News