Surfin and Janet's (FUN) Stock Picks

[janetcanada]

NAKED SHORTING..MMS CAN MILK IT A LONG TIME--->Read:

(ref: counterfeitingstock.com/CounterfeitingStock.html)
Naked Short —
This is an invention of the securities industry that is a license to create counterfeit shares. In the context of this document, a share created that has the effect of increasing the number of shares that are in the market place beyond the number issued by the company, is considered counterfeit.

This is not a legal conclusion, since some shares we consider counterfeit are legal based upon today's rules.

The alleged justification for naked shorting is to insure an orderly and smooth market, but all too often it is used to create a virtually unlimited supply of counterfeit shares, which leads to widespread stock manipulation – the lynchpin of this massive fraud.

There is no borrowed real share —instead a new one is created by either the broker dealer or the DTC. Without a borrowed share behind the short sale, a naked short is really a counterfeit share.

Fails–to–Deliver —
The process of creating shares via naked shorting creates an obvious imbalance in the market as the sell side is artificially increased with naked short shares or more accurately, counterfeit shares.

Time limits are imposed that dictate how long the sold share can be naked. For a stock market investor or trader, that time limit is three days.

According to SEC rules, if the broker dealer has not located a share to borrow, they are supposed to take cash in the short account and purchase a share in the open market.

This is called a “buy–in,” and it is supposed to maintain the total number of shares in the market place equal to the number of shares the company has issued.

Market makers have special exemptions from the rules: they are allowed to carry a naked short for up to twenty–one trading days before they have to borrow a share. When the share is not borrowed in the allotted time and a buy–in does not occur, and they rarely do, the naked short becomes a fail–to–deliver (of the borrowed share).

...and that brings us to any number of violations on the SEC Regsho page: https://www.sec.gov/investor/pubs/regsho.htm

HOWEVER- GOOD LUCK GETTING ANY ENFORCEMENT FROM SEC- THEY ARE UNDERSTAFFED AND LAZY!