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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 (4461)	6/4/2009 12:20:00 PM
From: The Ox	5 Recommendations Respond to of 5034

Once again, the SEC sides with the scammers. "the cost is too high". BS. In other words, doing things the proper way contains a cost. Of course it does. Why does the SEC side with those scamming, instead of doing their job--protecting the system from scams?? Letting people continue to scam the system is a much higher cost, imo.

To: rrufff who wrote (4461)	6/4/2009 10:33:50 PM
From: Hawkmoon	3 Recommendations Read Replies (1) \| Respond to of 5034

"However, SEC staff said that the costs of a pre-borrow requirement might outweigh the benefits because FTD represent 0.01 percent of the dollar value of trades, and that a small group of securities (small market capitalization, thinly traded, or illiquid) are likely to be the target of any manipulative scheme," it added. Well.. I guess they won't mind if someone uses their HP printer to spool off a few 100K in FTD US greenbacks, right? Feds don't seem to mind spending hundreds of millions to stop people from doing that.. One of these days someone's got to make the convincing argument that FTDs in stocks/bonds are NO DIFFERENT than counterfeiting cash. Hawk