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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 (4209)	2/4/2009 6:22:45 PM
From: The Ox	3 Recommendations Read Replies (2) \| Respond to of 5034

What I get from this is that our regulators are stuck in status quo mode. They get 100's of 1000's of email tips from every day people that result in almost all going into the circular file, along with the important "tips" such as those on Madoff. How often do you see a threatening post about "reporting this to the SEC?" So you can see the scope of the problem vs. the resources. So many focus on penny ante stuff that the real scams are ignored. I beg to differ, rruff. If there was an active approach to enforcement, the SEC could easily have commented (at any time in the past) that they needed help. That there were too many violations for them to properly enforce the rules. Instead of sifting out the large issues and ignoring them, they should have sifted out the tens of thousands of small time issues and focused on the ones where there were serious money involved. A police officer in a large city isn't going to spend all his or her time writing J-Walking tickets, simply because they see these actions all day long. It has been very apparent that SEC has systemically chosen the small cases and ignored the large issues. They have been completely corrupted, as can be clearly seen by the simple fact about who they let write the "Madoff Exception"!! They levy millions of dollars in fines, yet they allow the criminal to walk away without "admitting guilt or innocence"!! Who pays millions of dollars in fines unless they are guilty or they have even greater crimes to hide and they chose the lesser of the evils? It is almost pure nonsense to have a public hearing about an ongoing investigation. Blowing smoke at the public is all this is worth, imo.