CSMG Technologies, Inc (fka CTGI)

[sojourner]

joe: Mixed bag from SEC. Pulled this article from a financial site:

New rules are out on short-selling by the Securities and Exchange Commission. According to The Wall Street Journal, investors will now have access to fresh information about the volume and velocity (such as the exact time and position) of the downside bets made against companies. Traders will also have to settle their short sales within four days.

Hedge funds* also won a small victory because they now won't be required to disclose details of their short positions. They had fought such disclosures because posting them would be the equivalent to revealing trading secrets.

All this information will still be delayed by one month and the SEC said self regulatory organizations like the Financial Industry Regulatory Authority, will start posting this information as soon as the next few week.

*(ed. Given that hedge funds [such as those operated by Goldman Sachs et al] are reputedly notorious naked shorters who are responsible for a lion's share of that practice, the SEC action once again smacks of capitulation to the factors who rule the roost.