The Truth About

[rrufff]

Thanks for that Jim. We are talking about disclosure requirements. I believe the SEC is saying that they will go after manipulation, irrespective of whether it is on the long side or short side and that is not surprising. That is most welcome.

They are saying they will look into the issue of paid bashers but, assuming there is no manipulation, just payment, where would they have jurisdiction?

Because there are no reports resulting doesn't prove the existence of non-existence of "paid bashers." Reading the cited page, they want to get information. We don't know if they have or not. We also don't know if they have decided that they will not go after "paid bashers." All we have is that we would appreciate your letting us know.

BTW, I hope I'm wrong and that you and Janice are right. If so, I do believe the trend is for more disclosure from hedge funds.

Further, so far, most of those who have been caught NSS have gotten slaps on the wrist. As we move forward and there is more discovery, the issue of tactics used may shed some very interesting light.