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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation?

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To: rrufff who wrote (4390)5/2/2009 10:02:07 AM
From: gregor2 Recommendations  Read Replies (1) of 5034
 
Any credence to this argument?

I have always held that the greatest misuse of naked short selling comes from your broker. An investor enters a buy order on an exchange and the broker simply never buys the the stock. It is merely an electronic entry in the internal electronic broker system. The stock declines and the investor sells, the broker declares a 'trading profit'. You know this happens all the time. Have you ever heard of one single case where the SEC has taken a brokerage to task.

Gregor
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