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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation? -- Ignore unavailable to you. Want to Upgrade?


To: rrufff who wrote (174)4/16/2005 10:26:14 AM
From: rrufff  Respond to of 5034
 
More from prior cited work - footnote 26

26 Market makers may also be informed investors, depending on their access to information about the firm, or
manipulators, depending on their trading motivation. I explain later in the paper that the manipulator has an
incentive to register as a market-maker because of the exceptions to the short sale restrictions that apply to marketmakers (but only to the extent of bona-fide market-making activities).



To: rrufff who wrote (174)4/16/2005 12:41:50 PM
From: kknightmcc  Read Replies (5) | Respond to of 5034
 
Thanks for posting that information. I agree with it, particularly in reference to this statement, "Placing false notices on electronic bulletin boards in Internet chat rooms is an example of the type of manipulative behavior that is difficult for regulators to monitor." That goes for both sides of the issue. This should also cover postings purposely made to defame people who are posting their honest belief and understanding about a company in order to damage their credibility in the eyes of the public. This is something that I have been personally subjected to and is a large part of my litigation filed in the New York Southern District which I mentioned to you before.

I have noticed that you also get attacked for posting your opinions, so we have that much in common.

I am not an attorney, but I have been studying the law due to the necessity of my various legal encounters and I have been successful, to some extent, in defending myself from some of the written diatribe I have been subjected to. I lost my business due to false postings made about me by this person, so I sued for tortious interference with my business, defamation of character, injurious falsehood, prima facie tort, and infliction of extreme emotional distress in an Amended Complaint. Some of my original claims were dropped due to lack of standing to bring the charges and lack of a statute in New York to win an award on. The dropped charges included securities issues and false light/invasion of privacy.

The person I am suing lives in California while I live in New York which made it a diversity issue for Federal Court.

Do you know that there is no statute whereby a person who gets named improperly in a lawsuit, which is caused by a third supposedly unrelated party to the action, can sue that third party for damages even if that party perjured themselves to attorneys in order to get you named in the litigation in order to make it appear that their public statements were true? This happened to me and it caused me no end of problems. I was dismissed before it went to court, so there was no way to sue the parties who erroneously added me to that lawsuit. The lawsuit was withdrawn, but the damage caused by it still remains. There should be a statute whereby a party who interferes with the law in such a situation can be punished for doing so. What do you think?