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: The Ox who wrote (3336)	3/27/2008 11:44:48 PM
From: The Ox	of 5034

The SEC was created to restore confidence in markets after the 1929 stock-market crash and the Depression. The agency's mandate is to make sure investors are treated fairly, and it enforces rules for both companies that sell stock to the public and people who sell and trade securities. Enforcement ``While each of the agencies has different roles and responsibilities, together we bring our collective authorities to bear on behalf of investors and capital markets,'' said John Nester, a spokesman for the SEC in Washington. On Wall Street and in Washington, the SEC has a reputation as a much stronger enforcer and prosecutor of malfeasance than the central bank. Congress blamed the Fed for lax consumer protection during the housing boom and has threatened to strip or share its consumer protection powers. ``Bank regulators have, in general, been good at worrying about the safety and soundness of banks,'' said Harvey Goldschmid, a former SEC commissioner who's now a professor at Columbia Law School in New York. ``They have not, however, been strong on protecting consumers and investors.'' bloomberg.com

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