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: basserdan who wrote (4399)	5/5/2009 2:37:30 PM
From: gregor	3 Recommendations Read Replies (1) of 5034

Don't think your mutual fund family has your best interest at heart. Fidelity is lobbying for the least restrictive option the SEC is putting on the table. Another approach floated by the SEC would ban short-selling for the rest of the trading session in a stock that declines by 10 percent or more. That option would be less dramatic, since it would affect only specific stocks rather than the market as a whole. Officials of Fidelity Investments, investment bank Credit Suisse and others made the case for that option, called a "circuit breaker" for stock prices. Fidelity regularly loans out "your" shares to shorters of stock. They make fees on these "share loans".

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