janice - and others...
I do NOT have all the answers (by far)....
What I am suggesting (very basicly) is instead of going after the indivual "scam", direct the energy to changing the system that allows for the "loopholes" that allow the "scams" in the first place.
Influence and Change the statutes governing the SEC, make them do the job and protect the American investor.
As for Shorts, we will probably have to agree to disagree here. I believe that selling a stock short and "betting" that the stock will go down so you can cover and make money, can be manipulated so that it actually does happen. This would seem to be a diservice to all other investors and the company itself. As for hyping a stock, that seems to already be a problem in both directions (pumbing and bashing), this just might be somewhat addressed with mandatory and accountable reporting.
Now not to start anything, :) but you are right abouth there being other markets ( bonds, currencies, commodities, and other derivatives) could be they could use some change also?
Janice you could make a greater difference (heck we all could) by directing your energies to changing the system as a whole instead of one stock at a time.
Heck, we haven't even addressed the Federal Reserve System and the ........ That's for another time. :)
I think you could make a greater difference.
Just a thought.
AI
