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

To: ravenseye who wrote (2546)	6/23/2007 1:23:08 PM
From: Savant	Read Replies (1) \| Respond to of 5034

That ruling has more holes that Swiss cheese...just like the leak ridden 'Firewall' between analysts and brokers and traders in firms. "In order to ensure that the rule does not unduly limit the pool of possible purchasers in follow on and secondary offerings, it includes a provision to allow a restricted period short seller to participate in an offering if the seller makes a bona fide purchase prior to pricing an offering. Moreover, the amended rule also includes exceptions concerning investment companies and certain other entities that make separate trading and investment decisions. Thus, for example, the rule does not prevent one account from purchasing in an offering even though a related account sold short during the restricted period where the accounts were not coordinating their trading or sharing profits." When will it end? (that's rhetorical, of course}

To: ravenseye who wrote (2546)	6/23/2007 3:44:44 PM
From: scaram(o)uche	Respond to of 5034

This change was triggered by persistent non-compliance with the rule and a string of strategies to conceal the prohibited covering. That is, large "Wall Street"-aggregated-to-suit-Bob-Pisani-et. al institutions were pukin' cheating! Pisani and friends were Blackstoning yesterday, bemoaning the fact that super-rich Wall Street types were hated, just because they're wealthy. Bull! They're hated because they pukin' cheat, and because the world's little guy/gal must play fair in the securities that they manipulate. Pretty simple. Kudos to SEC. Incredibly painful to watch this crap.

To: ravenseye who wrote (2546)	6/23/2007 4:33:23 PM
From: keokalani'nui	Respond to of 5034

If there is any source for these answers... How do you police it? How do you enforce it? And most importantly, what are the penalties/remedies?