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

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To: gregor who wrote (4421)5/10/2009 9:19:59 AM
From: rrufff1 Recommendation  Read Replies (1) of 5034
 
Gregor - thanks for that. I try to figure out things. I was never good at memorization and thought it was a waste of time. Rather I decided that most things in life should be logical and I should be capable of finding the correct answer if I could just figure out the issue.

So, after review of the posts where I am now "edumacated," and realize that even Spock would not find it logical that one's interest could be taken and used against him. Going even beyond the super-illogical, a fee is taken and that is not given to the person who has sufferred a detriment.

This seems to be the very definition, logically, of a conflict of interest, a breach of a fiduciary duty, and perhaps even a manipulative practice that should violate something like reg 10(b)-5. Is there not a class action shark outfit that hasn't looked at this? Has the SEC never even reviewed the propriety? What about the big unions, the major pension players? Forget about Congress. No AG or Sec of State Securities Division?

I still don't get it. But, it's true.
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