Hi Barter, laptop, tele, NY Bob and others who have been active in the fight against market manipulation. News over the past few months has been encouraging. Congress looking into the treatment of Aguirre by the SEC. Hedge funds being exposed. Front running and other advantages used by hedge funds being exposed. Shorting into PIPES and toxics, naked shorting, fails to deliver all show the intent of an industry to steal from retail investors. Arrangements with prime brokers, trading associations, etc., of which naked shorting and MM manipulation all in the main stream press. Many of us have been attacked for posting these revelations, often by worms with backgrounds that include NASD fines, suspensions or worse, checkered histories in court, and more, but as more of us join the fight, the public becomes aware of manipulation that includes naked shorting and fails to deliver.
2006 saw hedge funds and managers and employees as using manipulative tactics. Many hedge fund managers have been active posters on message boards, typically on the short side. Do they use worms as paid agents? Is there trading in association? Are the tactics of Elgindy, e.g., extortion, still being used by worms and paid associates?
Perhaps 2007 will be the year that we finally see movement towards fair markets, and the gradual elimination of systems that gives unfair advantage to the moneyed interests and trading pools and associates. It's up to all of us to make sure we are aware of these issues as all investors are affected.