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Re: NEgoodlife post# 134233

Friday, 03/03/2023 12:00:29 PM

Friday, March 03, 2023 12:00:29 PM

Post# of 195429
Congress may be on the tail of illegal shorting already. Just yesterday I watched a zoom conference on You Tube, hosted by Roger J. Hamilton From GNS and meeting on a Zoom call with 4 others CEOs. It appears that a significant volume of illegal shorting is occurring from outside the US, specifically Germany was mentioned by one of the CEOs. The rule 10b-21 that targets fraudulent short selling is often not enforced and the shorter is allowed to continue to short more even in the face of a "fail to deliver" situation. Why is the SEC not doing anything about it as it is illegal? A former SEC layer explains it by asserting that it is too difficult and too tedious and time consuming too prove it in a court of law; essentially though lawyers are afraid to be involved because they fear the repercussions from the big and powerful usual players. As usual the big guy versus the little guy, but a lot of little guys together can make a lot of noise! If it becomes a political issue it might blow up on the big and powerful! Watch out!
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