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Strategies & Market Trends : Anthony@Pacific & TRUTHSEEKER Expose Crims & Scammers!!!
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From: ravenseye9/27/2007 2:26:24 PM
   of 5673
 
Time for sunlight in the opaque stock-loan market
By FLOYD NORRIS Published: September 27, 2007
NEW YORK: An opaque market is a market that insiders love, simply because they can take advantage of outsiders. It is also a market that produces prices no one can be sure are trustworthy....
iht.com
...It could make it possible to do something about the issue of "naked shorting," in which traders sell shares without either owning or borrowing them....
...This is a $700 million market, according to calculations by Vodia Group, a research firm, but one that is so hidden from view that the fraud could go on for more than five years without being detected....
...Angel is a long-time critic of Regulation SHO, and he told me he has been approached about being a witness for the plaintiffs in one of the pending lawsuits against brokers by investors who claim they lost money because their stocks were manipulated through naked shorting....
...Profits can be lower for market makers in transparent markets, and while institutional investors share in the profits generated by loaning their shares, individual investors generally do not. There might be pressures to let them in on the money, which Wall Street would not much like....
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