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: rrufff who wrote (4461)	6/4/2009 10:33:50 PM
From: Hawkmoon	3 Recommendations Read Replies (1) of 5034

"However, SEC staff said that the costs of a pre-borrow requirement might outweigh the benefits because FTD represent 0.01 percent of the dollar value of trades, and that a small group of securities (small market capitalization, thinly traded, or illiquid) are likely to be the target of any manipulative scheme," it added. Well.. I guess they won't mind if someone uses their HP printer to spool off a few 100K in FTD US greenbacks, right? Feds don't seem to mind spending hundreds of millions to stop people from doing that.. One of these days someone's got to make the convincing argument that FTDs in stocks/bonds are NO DIFFERENT than counterfeiting cash. Hawk

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