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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 (4249)	3/5/2009 1:19:44 AM
From: makeuwonder	2 Recommendations Respond to of 5034

Yes basserdan that's exactly what I mean. Did you hear the news today? UBS bankers are being exposed by the Swiss banks and they are turning over the names of those people who have accounts. UBS is still trying to not turn over ALL the names. Well let's see how this ends up. The money has a trail and they will surely find it. While the Swiss are saying they won't tell we still have a money trail there somewhere. It's going to bust wide open and maybe, just maybe the "NAKED SHORTED SHARES" will be "FORCED" to cover. The people bought the shares, the DTCC knows who owns them and from there we go up. Unlike in the old days where people had nothing more than a newspaper to tell them where the money was, files could be shredded, buildings like Building 7 in New York could be burned down and evidence disappears. It's no way like that now. There's a trail now. I feel like this is really going to go somewhere and a bunch of people are going to start falling like domino's. One will squeal and then the next will...on and on. It's going to be great. Let the old non violent drug addicted victims of our high ranking Politician's out of prison and lock these mugs up in their place. Kick out the illegals so they have a job along with our Veteran's that will hopefully be coming home soon. Not trying to be hard on the "ILLEGALS" but they all need to go home and fight their war like our Forefather's did and push out those crooks and get their Country back in the hands of the good people they almost all are and can be. Then we'll have a nice place to visit and our people will have a job and we'll all find more people paying taxes so we all will have to pay less and maybe we won't have so many drug addicts, criminals and crime and life can go back to the days when you could leave your keys in your car and go in the house without locking your door. I know, dream on girl. And dream on I will. Good luck to everyone. Don't give up. Be strong. Do your part. Write your reps and let them know you know. Don't presume everyone else is doing it for you. Be an American. United We Stand, Divided We Fall. Come on just do it. That means you. Go look in the mirror. Yep, that guy. Just me. JMO.

To: basserdan who wrote (4249)	3/5/2009 6:35:24 AM
From: rrufff	2 Recommendations Read Replies (1) \| Respond to of 5034

Picked this up from a message board which so often defended MM's and specialists and their abuse of the system, with exceptions allowing for naked shorting. Those who posted about NSS and MM's were subject to criticism and comments to the effect that MM's provided a public service and did not make that much providing this service. Here they had to pay $70 million, so you can only begin to imagine how much they have stolen from the public trust and how investors have been screwed. Specialists Pay $70 Million to Settle S.E.C. Charges March 4, 2009, 3:43 pm dealbook.blogs.nytimes.com The Securities and Exchange Commission said Wednesday that 14 specialist firms, including those run by Goldman Sachs, Knight Financial and ETrade, had agreed to pay nearly $70 million to settle charges that they had made improper trades that benefited themselves ahead of customers. The S.E.C. charged that the specialist firms had violated their “fundamental obligation to serve public customer orders over their own proprietary interests” by “trading ahead” of customer orders, or “interpositioning” the firms’ proprietary accounts between customer orders. “These firms violated the public trust by abusing the privileged position they had as specialists on the various exchanges,” James Clarkson, the acting director of the S.E.C.’s New York regional office, said in a statement. David Rosenfeld, associate director of the New York office, added, “Specialists who engage in unlawful proprietary trading hurt the investing public and undermine confidence in the fairness of our capital markets.” Specialists are responsible for maintaining fair and orderly markets at exchanges. The S.E.C. said the improper proprietary trading occurred from 1999 to 2005 on the American Stock Exchange, the Chicago Board Options Exchange, the Philadelphia Stock Exchange and the Chicago Stock Exchange. The agency said it had settled administrative and cease-and-desist proceedings against Botta Capital Management, Equitec Proprietary Markets, Group One Trading, Knight Financial Products, Goldman Sachs Execution and Clearing, SLK-Hull Derivatives, the Susquehanna Investment Group and TD Options. Those eight firms agreed to disgorge more than $22.7 million in profits and pay more than $4.3 million in penalties. The S.E.C. also settled civil actions against Automated Trading Desk Specialists, ETrade Capital Markets, Melvin Securities, Melvin & Company, Sydan and TradeLink. Those six firms agreed to disgorge more than $35.7 million in profits and pay more than $6.7 million in penalties. The firms agreed to settle without admitting or denying the charges. The S.E.C. said its investigation of improper specialist trading was continuing. Go to Press Release from the S.E.C. » sec.gov dealbook.blogs.nytimes.com

To: basserdan who wrote (4249)	3/6/2009 6:49:14 AM
From: dvdw©	Respond to of 5034

Its a Cheers story.... "Anwar also spoke at length about “regulatory capture,” noting that in some countries government bodies were subject to influence from those whom they were supposed to be regulating. Probably, she was thinking of the United States Securities and Exchange Commission, and it’s failure to stop the naked short selling that helped topple the American financial system." About The SEC.....where everyone knows the game. Between the parted pages, we were breath, in loves odd fevered iron, like a stripped pair of pants.