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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation?
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To: basserdan who wrote (4327)4/7/2009 6:40:13 AM
From: rrufff1 Recommendation  Read Replies (1) of 5034
 
Over the years, I've seen so many self-styled "cyber sleupps" play their shell game of claiming "no such thing," that it's encouraging to see this from the article you cited

Iosco’s recommendations were endorsed by the G20 London summit last week ( tinyurl.com ). The G20 working group report on enhancing sound regulation and strengthening transparency noted concerns raised during the financial crisis that short selling, “in particular naked short selling, contributed to market manipulation, securities fraud, and disorderly markets”.

The outcome is naked short selling looks likely to be history, or at least so restricted as to make it practically impossible, although the rules still have to be enforced.


However, it also contains a dose of reality and a commentary that is useful every time you see someone claiming there are no NSS issues, often citing the "official" statistics

What this all goes to show is that the whole shebang has become so complicated no one really knows what is going on. Let’s get proper transparency and a standardised approach so people can see clearly whether naked short selling is a problem or an aid to market efficiency.
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