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Friday, October 13, 2006 12:29:47 PM
Universal Express Endorses ``Naked Shorting'' Comments to SEC By the North American Securities Administrators Association (NASAA)advertisementRelated information E-mail this article Print-friendly versionStocks mentioned in this articleUniversal Express, Inc.(USXP) Quote, Chart, News
All Business Wire NewsUniversal Express, Inc. USXP, President and CEO, Richard A. Altomare, a prominent and outspoken critic for over ten years on the adverse effect of "naked shorting" on smaller public companies, their stockholders, investors and employees and the severe economic damage of this practice on the economics of States and Localities, heartily endorses the well reasoned comment statement to the SEC dated October 4, 2006, on the scandal of "naked shorting" by the very prestigious North American Securities Administrators Association, Inc. (NASAA).
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"It has been a challenging ten years as we discovered, named, politically presented, sued, won, and was then attacked by the SEC for exposing this economic terrorist action against American public companies. We welcome objective insight, necessary investigation and responsible leadership as has been additionally voiced by these governmental regulators, who have not sacrificed American trading confidence for personal or corporate gain," said Richard Altomare, Chairman and CEO of Universal Express, Inc.
This statement can be found at http://www.sec.gov/comments/s7-12-06/jpborg7410.pdf.
About Universal Express
Universal Express, Inc. is a 22 year old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit www.usxp.com
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