InvestorsHub Logo
Followers 0
Posts 689
Boards Moderated 0
Alias Born 01/12/2004

Re: scion post# 47

Sunday, 01/18/2004 6:09:45 PM

Sunday, January 18, 2004 6:09:45 PM

Post# of 78
If the NASD and the SEC choose to ignore the preexisting "open positions" in excess of the Rule 11830 benchmarks, then those accusing the regulators of being in complicity with these naked short selling fraudsters right from the get go will have made their point.

U.S. INVESTORS HAVE BEEN BUYING NONEXISTENT ENTITIES FROM WALL STREET "PROFESSIONALS" TRYING TO HIDE BEHIND A RULE 3370 EXEMPTION FROM BORROWING THAT DOES NOT APPLY SINCE THEY WERE IN NOW WAY, SHAPE, OR FORM ACTING IN A BONA FIDE MARKET MAKING CAPACITY. THE 1934 SECURITIES EXCHANGE ACT HAS SEVERAL BUY-IN MANDATES THAT APPLY HERE. THE BANK ROBBERS HAVE BEEN CAUGHT AND THE PROCEEDS OF THE HEIST HAVE BEEN LOCATED. PLEASE ENFORCE THE 1934 EXCHANGE ACT YOU WERE SWORN IN TO UPHOLD NO MATTER HOW INTIMIDATING THE LARGEST FINANCIAL INSTITUTION ON EARTH, THE DTCC, CAN BE.

from Dr. J. DeCosta

http://www.sec.gov/rules/proposed/s72303/decosta122203.htm



Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.