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Friday, 06/26/2009 5:00:39 PM

Friday, June 26, 2009 5:00:39 PM

Post# of 97239
SEC may finally take illegal naked short selling seriously due to a recently made movie, I hope the Hedge funds finally get what they deserve.

http://satwaves.com/blog/2009/06/26/sec-investigating-illegal-naked-short-selling/

Stock Shock the movie is breaking new ground. The movie that promises to shed light on illegal naked short selling has actually caught the eye of the United States Securities & Exchange Commission. Stock Shock is a documentary that educates viewers about illegal trading practices, through the stories of Sirius XM (SIRI) investors who believe they were the victims of naked short selling, and the victims of hedge funds who were possibly trading on the inside information that the company would be driven to bankruptcy this past February by certain bondholders. Unfortunately for those that participated, their plan failed and now the SEC is involved.
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