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

To: Clase Azul who wrote (446)	11/4/2005 6:23:09 PM
From: rrufff	Read Replies (1) \| Respond to of 5034

I already responded to you with respect to Reg. 3370. I repeat for your convenience: The amendments to NASD Rule 3370 look good in principle. I don't have any information as to how they are working out in practice. How can enforcement be expected when overseas trading desks just decide to stonewall? Internal desking of orders and then routing through other non-NASD members may create a universe of potential avoidance of the rule such that neither the NASD nor the SEC has an opportunity to enforce or even monitor. As we all know, a rule is only as good as enforcement. I may be wrong on this but I envision a total market make-over that includes the writing of treaties with our trading partners so that the type of international manipulation is better discovered and eliminated.