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Re: shmolton post# 52

Friday, 02/16/2007 5:38:59 PM

Friday, February 16, 2007 5:38:59 PM

Post# of 170
TRADING & TECHNOLOGY

Market Makers Under Short Sale Scrutiny

Peter Chapman

January 02, 2007 - The NASD, detecting abuse, is warning market makers not to circumvent its short-sale rules.

The regulator issued a notice in September reminding members that its rules permit shorting on a down tick only when engaged in "bona fide" market-making activities. The warning was followed last month with stern words from the NASD's new head of market regulation (see following item).

http://www.tradersmagazine.com/magazine.cfm?id=2657

When investing always start with an assumption that the stock market is dead wrong.

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