GNCC Capital Inc (GNCP)

[Militia Man]

Lol.. It is fun isn't it.. Gotta love a good conspiracy theory one where the SEC has data on it in a recent "FY 2014 CONGRESSIONAL BUDGET JUSTIFICATION " .

Just sucks when the artisans that (in effect) help create the rules and then skirt them with the utmost accuracy. The rule skirter's like ETRD's last action get a mere slap on the hand, only fined a couple million $$..

There is alot more to junk companies as we see, they have many a follower, that skirt rules and it is clearly coming out that naked shorting is still a topic that is in 2014 SEC


FY 2014 CONGRESSIONAL BUDGET JUSTIFICATION

See page 84 bottom left Notice the word used.. PERSISTANT

http://www.sec.gov/about/reports/secfy14congbudgjust.pdf

Short Sales. TM will continue the administration of the short
sale price test rule that became effective in FY 2011, including
responding to interpretive questions. In addition, TM intends
to continue to review whether enhancements to the rules
established to reduce persistent failures-to-deliver resulting
from short sales (i.e., rules addressing so-called “naked” short
sales) are needed. In addition, in FY 2013 and FY 2014, the
Division intends to:
• Consider whether to recommend new rules on short
selling under the Dodd-Frank Act, which requires the
Commission to adopt rules relating to disclosure of
reporting of short sale positions, and short sale-related
fraud;