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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From: pcyhuang	7/18/2008 11:43:04 PM
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Notice to Customers The Securities and Exchange Commission (SEC) recently issued an emergency order in an attempt to enhance investor protections against "naked" short selling in the securities of Fannie Mae (FNM), Freddie Mac (FRE) and primary dealers at commercial and investment banks (see stock list below). The SEC directive will become effective at 12:01am (ET) on Monday, July 21, 2008 and run through 11:59pm (ET) on July 29, 2008, unless otherwise extended. Before any of these stocks below can be sold short, Terra Nova must find a guaranteed locate. There is no assurance that we will be able to find a guaranteed locate on any of the below symbols through our outside vendors. Further, there will be a charge to obtain a guaranteed locate which will be passed on to the customer who wishes to sell short. This charge is per share and is subject to change on a daily basis depending on the symbol and the day a guaranteed short is requested and found. Company (Ticker Symbol) Allianz SE (AZ) Bank of America Corporation (BAC) Barclays PLC (BCS) BNP Paribas Securities Corp. (BNPQF or BNPQY) Citigroup Inc. (C) Credit Suisse Group (CS) Daiwa Securities Group Inc. (DSECY) Deutsche Bank Group AG (DB) Fannie Mae (FNM) Freddie Mac (FRE) Goldman, Sachs Group Inc (GS) HSBC Holdings PLC ADS (HBC and HSI) J. P. Morgan Chase & Co. (JPM) Lehman Brothers (LEH) Merrill Lynch & Co., Inc. (MER) Mizuho Financial Group, Inc. (MFG) Morgan Stanley (MS) Royal Bank ADS (RBS) UBS AG (UBS) As a result, next week if you wish to short any of these affected stocks, please call the trade desk at 1-800-xxx-xxxx to find a guaranteed locate and have them execute the short sale on your behalf. If you have any questions, please call. Cheers,

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