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 3:25:14 PM
From: The Vet	Read Replies (1) of 78438

The last word from me - not my work, but a direct quote from the SEC web site... "Currently, threshold lists include the name and ticker symbol of securities that meet the threshold level on a particular settlement date. Some investors have requested that the SROs provide more detailed information for each threshold security, including the total number of fails, the total short interest position, the name of the broker-dealer firm responsible for the fails, and the names of the customers of responsible brokers and dealers responsible for the short sales. The fails statistics of individual firms and customers is proprietary information and may reflect firms' trading strategies. The release of this information could be used to engage in unlawful upward manipulation of the price of the securities in order to "squeeze" the firms improperly. " sec.gov Emphasis mine.. Obviously the SEC believes that naked short selling resulting in failure to deliver is a legitimate "trading strategy" and not an illegal activity. They refuse to disclose the guilty or act on the matter to avoid losses by the firms who engage in such activities. Never a mention or a thought for the shareholders who suffer losses due to these "trading strategies" which while outside the letter of the law are protected by the SEC.

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