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

To: dvdw© who wrote (2568)	6/27/2007 7:43:17 AM
From: rrufff	Respond to of 5034

I can't argue with history but there has been progress. One only has to read the extent that this issue has reached the main stream press and the halls of Congress. Market reform may not happen now but it's still a good thing if as many of us as possible keep this issue in the public eye, and that includes contacting Congresspeople and federal and state regulators. There have always been the moneyed interests that target us retail investors, with this activity happening under the noses of the regulators. Go back to the history of the SEC, the trust busting era, etc. Hedge funds today are very similar to the trusts that were supposedly busted. They control trillions of dollars, over half the US equity trades, and more in derivative markets. They have to justify the huge fees and the only way that they can beat the random walk through the market consistently is to have advantages built into the system. MM's, prime brokers, etc., all make money off the backs of a system that is rigged against retail investors. If politicians see this as a way to curry favor with the voters, we will have reform. It may happen after a market crash but I do feel that this will happen eventually.