Anthony @ Equity Investigations, Dear Anthony, Message Board

STOCKTALK

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.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Patchie who wrote (101287)	11/9/2007 2:27:11 PM
From: StockDung	Read Replies (1) of 122087

Patchie, didnt Wacky Byrne donate thousands of dollars to NCANS? This is the true independance you speak of? thesanitycheck.com NCANS - The National Coalition Against Naked Short Selling - Failure To Deliver Welcome to the new home of NCANS. This coalition was formed over 2 years ago, to act as a voice for investors concerned over the growing crisis in our capital markets caused by deliberate and widespread delivery failure. The group's first act was to run a series of letters in the Washington Post, addressed to President Bush, protesting the new Reg SHO, and its onerous Grandfather provision. The full page ad that kicked off that effort created a media storm of visibility for the issue. Subsequently, NCANS generated a video news special, an Amicus brief in the Nanopierce case, and several comment letters addressed to the SEC, calling for the repeal of the Grandfather provision, and the elimination of the options market maker exemption. NCANS is cited by the SEC in its own documents addressing Reg SHO's effectiveness, and NCANS remains a vital force in highlighting the issues surrounding delivery failures and market manipulation. The original content from the now defunct NCANS site will be migrated over as additional disk capacity is available here. From the original NCANS homepage: NCANS is a grassroots advocacy group composed of small investors who are tired of the predatory hedge funds on Wall Street violating the rules against naked shorting - the "Failing To Deliver" of the shares they sold to unsuspecting investors, who believe that the electronic tick that is represented in their brokerage statement represents a real share, rather than an electronic counterfeit with none of the attendant rights or protections of a real share. We want the regulators to enforce the rules in an impartial manner, not selectively and for the benefit of those who abuse the system. The charter of NCANS is simple: The systematic violation of the rules against Failing To Deliver poses an imminent threat to the credibility of the US financial system. Our regulators are uninterested in enforcing the rules that have been on the books since the creation of the SEC in 1933 by Congress. The existence of a Reg SHO Threshold list is a "list of shame" —a sad testament to our regulators’ lack of interest in enforcing the rules against Failing To Deliver. If they did, there wouldn't be a list. Pretty cut and dried.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next