Naked Shorting-Hedge Fund & Market Maker manipulation? Message Board

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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation?

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To: kknightmcc who wrote (3107)	12/28/2007 6:29:17 AM
From: rrufff	of 5034

Of particular interest from Patch: Laws initiated after the bear raids of 1929 provided insight on how ethically challenged individuals could prey on people and destroy lives. Those same ethical challenges exist today as predators have once again found a venue ripe for the taking. For decades, after the Securities Act of 1934 was drafted into law the public was protected from abuse. Bouts of abuse cropped up from time to time since the act was released but never to the magnitude reached over the past decade or so. Flaws in the securities settlement system and through US abusers such as yourself who ventured into Canada to circumvent US Laws, the issue of naked shorting exacerbated itself beyond control. The issue evolved to the point that US Organized Crime families using the Canadian loophole to lauder their illegal funds. Thus the sleeping issue of naked shorting required intervention. Your greed and that of your peers helped initiate the process of change. You helped to expose the problem through your illegal activities, and you helped with the changes in short sale laws simply because the laws before you were not to be accepted or followed. Fellow associate John Fiero had been engaging in such illegal acts in the early 1990’s and you fed off his success. You also state, “Furthermore, the current "political climate" criticizes and demonizes anyone else who wants or seeks to short a stock without first borrowing it.” Of course they do the public typically demonizes fraud in the market. It is illegal and has been illegal to short a stock without borrowing it. Because as an individual you disagree with the laws does not give you the right to simply ignore them against the rights of another who abides by the laws. If you want the laws changed fight legally for the market reforms and show cause for such reforms as those who you now fight have done. You claim that a pump and dump is detrimental to the marketplace yet you have never spoken out on the concerted short attacks your team of short sellers imposed on companies. Are they not one and the same? Both required a short duration of attack and both moved markets. If manipulating a natural market is illegal, why is it acceptable for short sellers to raid a thin market while pumping a similarly thin market is illegal? Could it be that you only trade on one side of that market? You and your peers have long demonized the pump and dump artists but by a parallel analogy to your line of reasoning, those individuals should be able to exercise their right to achieve profitability even at the expense of unsuspecting individuals. The pump and dump artist would have the access to illegal information and trade on that information similar to a short selling legion trading on illegal information. I could continue to shred up your open memo that you have asked to be posted on your publicly controlled message boards such as I have already but what is the point? The fact that you are in a jail cell on Christmas drafting such a memo says it all. You have little repentance and little regard for the personal rights of others. Your focus isn’t about paying your dues and changing your ways, it is about getting back into the game once again.

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