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Strategies & Market Trends : Anthony@Pacific & TRUTHSEEKER Expose Crims & Scammers!!! -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (5360)	4/24/2008 3:18:33 PM
From: ravenseye	Respond to of 5673

CORRECTED TO CONFORM TO FEDERAL REGISTER VERSION SECURITIES AND EXCHANGE COMMISSION 17 CFR PART 240 [Release No. 34-57511; File No. S7-08-08] RIN 3235-AK06 “Naked” Short Selling Anti-Fraud Rule AGENCY: Securities and Exchange Commission. ACTION: Proposed rule. SUMMARY: The Securities and Exchange Commission (“Commission”) is proposing an anti-fraud rule under the Securities Exchange Act of 1934 (“Exchange Act”) to address fails to deliver securities that have been associated with “naked” short selling. The proposed rule is intended to highlight the liability of persons that deceive specified persons about their intention or ability to deliver securities in time for settlement, including persons that deceive their broker-dealer about their locate source or ownership of shares and that fail to deliver securities by settlement date. DATES: Comments should be received on or before May 20, 2008..... read the rest @ sec.gov