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: rrufff who wrote (3703)	8/18/2008 10:11:14 AM
From: dvdw©	Read Replies (1) of 5034

Dont know. This just in CEOs launch web site to protect short sellers Mon, 18 Aug 2008, 05:25 Washington Post When the Securities and Exchange Commission issued an emergency order last month protecting the stocks of the country's largest financial institutions against a form of short selling, three businessmen saw an opportunity. Harvey Pitt, SEC chairman from 2001 to 2003 and chief executive of District-based global consulting firm Kalorama Partners, teamed up with John Tabacco, chief executive of LocateStock.com, and Tom Ronk, the chief executive of Buyins.net, to launch RegSHO.com. The DC company operates a Web-based, real-time electronic stock lending and location service that provides tools to help sellers and brokerage firms comply with SEC rules governing naked short selling -- the practice the agency sought to prevent -- and regular short sales of stocks.

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