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

To: basserdan who wrote (4112)	12/23/2008 3:11:57 PM
From: rrufff	2 Recommendations Read Replies (1) \| Respond to of 5034

It's too bad Aguirre wasn't made SEC chairman. I believe that the SEC has been reluctant to apply the securities laws to the big players, to Wall Street's elite. They have often gotten a pass. The SEC is focused on the small players. I don't know how many "sleupps" have posted to me that I have been hurting exposure of penny stock scams by posting about NSS, MM and hedge fund scamming. Even today, I see a poster complaining that the SEC should not be looking at NSS and should be focusing on penny scams. I don't see how one scam excuses another or that the Batman defense is reasonable. A scammer is a scammer and it's clear that the biggies have been those on the inside. Penny scams could pretty much be eliminated with a pen, eliminating trading for companies that don't fully disclose capital structure and changes in advance. I've posted that often. This issue is not what has brought our economy down. The greater damage has been done to the markets and the macro-economic environment by largesse and looking past the actions of MM's and hedge funds. The SEC was introduced to eliminate the pools of money from taking advantage of the markets and retail investors. It's taken different forms and entities, but today's massive scams are very similar to those of the 1920's and 1930's.