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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 (863)3/13/2006 10:04:31 AM
From: sixty2nds  Read Replies (1) | Respond to of 5034
 
09:25 Has Canada admitted it has been aiding and abetting short sales - InvestTrend.com

InvestTrend.com reports that with 10% of all issues currently on the naked short-sales Regulation SHO list, market watchers have been trying to track the various end-arounds that market manipulators employ to circumvent their legal responsibilities in the U.S., including the secretive and nefarious Stock Borrow Program at the Depository Trust and Clearing Corp., equally secretive ex-clearing arrangements between brokerages, and deep-pocketed offshore hedge fund accounts, now comes Canada saying it has not, so far, been adhering to U.S. short-selling rules. The article reports that at least four securities have spent a record 294 days on the scandal-plagued list. These include Krispy Kreme (KKD), Martha Stewart Omniliving (MSO), Global Crossing (GLBC) and Netflix (NFLX). The Ontario Securities Commission has published proposed amendments to the rules of the Canadian Depository for Securities Ltd. concerning adherence to U.S. short-selling rules.