Naked Shorting-Hedge Fund & Market Maker manipulation? 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.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: pcyhuang	5/14/2008 11:30:57 PM
	of 5034

The Number of Lost, Stolen, Missing or Forged Stock Certificates I received a response today to my FOIA request from the SEC, regarding the number of lost, stolen,missing or forged stock certificates reported to the SEC as is required. Answer: There have been no NFI stock certificates reported as lost, stolen,missing or forged from 2002 to 2008 by any market participants to the SEC. So there are no legitimate reasons for FTDs in NFI from 2002 to 2008. Now we have NOVS.PK as a non marginable security, which at the very least means that naked shorts are not permitted, since all shares in customer accounts are fully paid for. IF they are lent out by customers, that's fine, but that's legitimate lending with the consent of the customer. naked shorting is without the customer's consent. I'm going to write FINRA on behalf of NIPC to have them explain themselves as to how they can allow their members to naked short so many pink sheet securities, including NOV.PK, when they are all fully paid for. Customer contracts and federal and state laws prohibit fully paid for securities to be hypothecated, much less naked shorted. Full Story: www1.investorvillage.com pcyhuang

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next