Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: LLCF who wrote (60438)	7/21/2008 3:09:34 PM
From: The Vet	Read Replies (1) of 78438

DAK... What you seem to be prepared to admit is that selective enforcement is OK but some (maybe even most) of the participants do follow the rules. You can't offer a single example of a prosecution by the SEC over a failure to deliver under Reg SHO, but seem to accept that it's OK to let the rogues prosper because they only hurt a small proportion of the market, even though the real numbers are impossible to determine. It has already been pointed out that astute MMs can delay delivery without triggering a Reg SHO posting for 13 days, and then "roll over" the position for a further 13 days without any indication to the general public that the failure occurred and continues. Failures to deliver always go through broker dealers regardless of whether the transaction which caused it was initiated by one of their customers or not. They know what has happened to cause the fail and they facilitated the illegal trade. They also can remedy it with a buy-in as mandated by the rules. They don't do it. Why not?

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