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Microcap & Penny Stocks : Zia Sun(zsun) -- Ignore unavailable to you. Want to Upgrade?

To: Francois Goelo who wrote (5284)	10/23/1999 5:53:00 PM
From: who cares?	Respond to of 10354

Could you name one or two of the "SSB's" that are "now under SEC investigation for illegal "naked shorting" of OTC-BB Securities? I didn't think so. Funny how Floyd can give the name email and number of the SEC person checking out ZSUN but you always have mystery people and innuendo. As for your biggest lie "illegal naked shorting" perhaps the people on this thread haven't seen this. Message 11682671 Again, Francoise shown to be making it all up to suit is evil purposes. CMB

To: Francois Goelo who wrote (5284)	10/23/1999 6:07:00 PM
From: Francois Goelo	Read Replies (2) \| Respond to of 10354

SEC is seriously considering extending Shorting Rules to OTC-BB Market... sec.gov G. Extending the Short Sale Rule to Non-Exchange Listed Securities Current short sale regulations cover securities that are either listed on an exchange or traded in the Nasdaq NMS. As a result, they cover securities that are generally characterized by high trading liquidity. In addition, these markets have a relatively high degree of transparency. Securities traded in the OTC markets (e.g., Nasdaq Small Cap, the NASD's OTCBB, the Pink Sheets) are not subject to short sale restrictions. The staff frequently receives complaints alleging short sale abuses involving securities in the OTC markets. As a corollary to other concepts presented in this release, we seek comment on regulating short sales in this market sector. We recognize that Section 10(a) does not grant specific authority to the Commission to regulate short sales of securities not listed on a national exchange. Thus, regulations that extend short sale regulation to new market sectors would have to be adopted under other available statutory authority. Q35. Should we consider extending short sale regulation to cover non-exchange listed securities? Q36. If so, how should the new regulation restrict short sales? Does the current NASD short sale rule provide an applicable model for this purpose?