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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From: basserdan	10/27/2009 11:27:40 AM
	1 Recommendation Read Replies (3) of 5034

Schapiro tackles NSS head on Wow! Impressive! SEC head Mary Schapiro is addressing the Securities Industry and Financial Markets Association's (SIFMA) annual conference today. She rambles on about the causes of the crisis and how the new and improved SEC is plowing into reforms and enforcement. In particular, she delves deeply into the commission's work on NSS. Here's the lengthy and gutsy part of her speech detailing the efforts at ending this fraud...... <<< "We've also taken action to address the potentially harmful effects of naked short selling – adopting rules that have significantly reduced the number of times short sellers failed to deliver securities. And, we also have issued proposals to address the public confidence and market stability implications of short selling in a downward market. >>> So there you have it. Rest assured, all is well. investmentnews.com

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