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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 (4759)4/16/2010 1:18:11 PM
From: scaram(o)uche3 Recommendations  Respond to of 5034
 
A horse betting against the race??...... common practice at investment banks, entrenched for years. We've talked about underwriters, shorting for their own accounts before a public offering..... "desked" shares covered with part of the offering.

The buyers knew that a horse was shorting. They were happy, as it gave them best price. The dirty horse made a bundle, part of that Wall Street trading profit. The underwritten company got the money it needed, so they were happy.

Fact is, almost everyone was happy and ALL of the insiders were, that's certain. The only losers were Joe and Betty Public, who had bought into the story, last time around.

SEC usually just asks the cheaters if they like a proposed rule, giving them the opportunity and time to move to a new scam. This is new. Kudos to SEC!



To: rrufff who wrote (4759)4/26/2010 7:54:24 PM
From: makeuwonder  Respond to of 5034
 
Ruff, while I know this sounds crazy I think I know where any honest person that is serious about these investigations can find the names and sources of the places that they are stashing the cash. I don't want to post it online and I'm not able to send you a private message. If you could send me through a private contact either your email address or an address that to someone who I can report what I think I know then I'll give the information to them. It is how I figured things out while off work in 1998. I wrote to the SEC about a company that pulled a real good one on me and due to extra time I really dug deep down to figure out anything I could and spent hours watching trades and volume. Then I found a source and wrote the SEC about it and a lady responded to me with a letter that was different than the usual letter you get back when you send a complaint in. A year or so later ENRON went down and it was related to the information I had. It may be nothing but then again, maybe it's not. It might make a person who really is trying to help there job to be easier. I'm not a real big email person and if you do send me a way to contact you or someone that's all I want the information for. I don't know how to hack or anything like that and am not computer smart but I'd love to assist any and all those out there trying to figure this out. I'll watch for any responses.



To: rrufff who wrote (4759)5/4/2010 1:33:10 PM
From: Jack Be Quick1 Recommendation  Read Replies (2) | Respond to of 5034
 
Came over to this thread thinking you guys would be all over this one. Cheers.
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Goldman disciplined by NYSE, SEC on short sales

marketwatch.com
By Jacob Bunge

The Securities and Exchange Commission and the regulatory arm of NYSE Euronext /quotes/comstock/13*!nyx/quotes/nls/nyx (NYX 31.47, -1.53, -4.64%) disciplined the equities arm of Goldman Sachs & Co. on Tuesday, tied to alleged violations of rules on short-selling stocks.

In December 2008 and January 2009, Goldman Sachs Execution & Clearing LP failed to close out failures to deliver positions on some stocks, while accepting hundreds of short-sale orders in stocks in which the firm had open fail-to-deliver positions, according to a Tuesday notice from NYSE Regulation.

The disciplinary action comes as Goldman Sachs grapples with SEC accusations of civil fraud tied to its dealings in the mortgage market, where the bank stands accused of stacking the deck against its own clients.

Goldman Sachs neither admitted or denied the findings announced Tuesday. NYSE Euronext imposed a censure and a $450,000 fine on the firm, an amount that will be reduced by a $225,000 civil monetary penalty related to proceedings instituted by the Securities and Exchange Commission, according to the notice.

Goldman Sachs & Co. is a unit of parent company, Goldman Sachs Group Inc. /quotes/comstock/13*!gs/quotes/nls/gs (GS 150.57, +1.07, +0.72%) .