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: The Ox who wrote (4063)	12/19/2008 6:58:57 PM
From: The Ox	Read Replies (1) of 5034

Cox stated that he has directed the SEC's Inspector General, H. David Kotz, to conduct a full and immediate review of the past allegations regarding Mr. Madoff and his firm and the reasons they were not found credible. The review will also cover the internal policies at the SEC governing when allegations such as those in this case should be raised to the Commission level, whether those policies were followed, and whether improvements to those policies are necessary. Cox further stated that "the investigation should also include all staff contact and relationships with the Madoff family and firm, and their impact, if any, on decisions by staff regarding the firm." Am I the only one who gets concerned about the SEC investigating themselves? There is ABSOLUTELY NO WAY this situation should be allowed to be handled internally! I can't believe we aren't hearing more outrage about this. jmo TO

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