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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 (4650)	10/14/2009 3:24:26 PM
From: gregor	1 Recommendation Respond to of 5034

We are not even discussing high-frequency trading and flash orders yet. Combined they now account for 60% of all orders. When at a time we are concerned, to say it mildly, about attracting foreign investment into our system, Shapiro comes out and says they are "thinking about" banning flash orders, which is the much smaller of the two. That was just a head fake to take attention away from the more serious matter. If you can believe that a computer two blocks away from the NYSE can have an unfair advantage over a computer in New Jersey, imagine the advantage over a computer in Bombay, or Bonn, or London. Our biggest crisis is that of confidence in our system of capital formation, which left unchecked will come back to haunt us for decades. Mary Shapiro is turning out to be as bad as Christopher Cox, and Obama is talking out of both sides of his mount when he says he will curb massive Wall Street fraud one day and allow the system to perpetuate itself. First step has to be the reinstitution of the uptick rule, and where is that....will it take another crash this Spring to make them believers ?

To: basserdan who wrote (4650)	10/19/2009 1:12:47 PM
From: dvdw©	2 Recommendations Respond to of 5034

Bobs gotten sharper as time goes on, this post is his best yet, because he has framed the proper debate. Believe in the fact that sunlight is a great disinfectant.....the powerful are full of hubris and momentum, but deep in thier compartments they are very afraid, because on a hierarchal basis, they know that everything they have been doing, is collected as details, in the grand tale about tails.

To: basserdan who wrote (4650)	10/20/2009 4:30:07 PM
From: rrufff	5 Recommendations Respond to of 5034

Hoyer Proposes Regulating Short-Sellers of Shares (Update1) By James Rowley bloomberg.com Oct. 20 (Bloomberg) -- U.S. House Majority Leader Steny Hoyer proposed legislation to regulate short-selling of stocks by requiring shareholders to be given notice and payment when brokers lend their shares to short-sellers. Hoyer's plan would require brokers to publish daily information about the identity of short-sellers and the companies whose shares they are selling short. Brokers would have to disclose any short-sellers who fail to deliver shares to the investor they were to be sold to, according to a summary of the proposal distributed by his office. The measure will "protect from the abuses of those who drive down" the share prices of "small, vulnerable enterprises" and "make it very difficult for them to operate," Hoyer told reporters today in Washington. Short-sellers bet that the value of a company will decrease by borrowing shares from another investor, for a fee, and selling them to someone else. The short-sellers agree to return the borrowed stock by a certain date. If the share price drops, short-sellers profit from the difference between what they sold the shares for and the price they paid to repurchase them. Because brokers charge to lend shares to short-sellers, "the owner of that stock ought to have an interest in that process" and be compensated, Hoyer said. The measure would require brokers to alert investors that they may lose voting rights if their shares are loaned to short- sellers on the date of a corporate election, according to the summary. Hoyer said he hoped the measure would be included in financial-regulation overhaul legislation being drafted by the House Financial Services Committee. To contact the reporter on this story: James Rowley in Washington at jarowley@bloomberg.net Last Updated: October 20, 2009 13:35 EDT bloomberg.com