Franklin Mining, Inc. (FMNJ)

[ICEQUITY]

In My Opinion.....
Really gullible, are those who think market makers have nothing to do with FMNJ being at .0001, maybe not but a shockwave of transparency is about to hit he market. Which will help all stocks get a leg up for once, and just maybe gain some ground. Don't you think if many of these stocks had some market capital to work with, they would not need to raise the share structure or pursue reverse splits just to try and stay afloat?

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=45816380

It's about time we hold Brokers, Dealers, Market Makers & Manipulators responsible for their actions.

It's About Time We Make Their Market, Our Market!

Progress For Investors and Main Street?
The Corporate Observer, January 22, 2010 by Steven Berk

Quote:Well its worse for investors trying to recover for valid claims against their brokerage firms. Not only must they play on the enemy’s turf but the enemy also gets to select the referee.

As it currently stands, brokerage firms require customers by standard agreements to arbitrate their disputes over broker misconduct

Arlen Specter to the rescue. The Pennsylvania Senator has introduced a bill which states that those individuals who knowingly or recklessly provide assistance to fraudsters whose actions are in violation of securities regulations will be held responsible as if they were committing fraud themselves.


http://www.thecorporateobserver.com/2010/01/articles/consumer-protection/progress-for-investors-and-main-street/


New Short Sale Rules Imminent
Traders Magazine Online News, January 6, 2010 by Peter Chapman

Quote:
New short sale rules are on the way.
The third amendment could potentially have the biggest impact on short sellers. It requires broker-dealers to instruct their customers that they have the right to refuse to loan their stocks for short-selling purposes.

Because stocks sold short are typically borrowed from investors, a refusal on the part of the shareholder to lend would make it impossible for traders to effect a short sale.

It is not known which one of the proposed rules will become law, but the betting is on the so-called "alternate uptick rule" proposed by the SEC last August. The rule would require traders who want to short stock to do so by posting an offer at least 1 cent above the best bid. Traders could not short by hitting the bid, the faster of the two selling techniques.

The alternate uptick rule was first proposed by a group of four exchange operators last spring and includes the option of a circuit breaker. If a circuit breaker test was also adopted, short selling would only be restricted if a given stock started falling dramatically--by 10 percent or so over the previous days' closing price.


http://www.tradersmagazine.com/news/short-sales-sec-price-test-104881-1.html


Official Summary
H.R.4173 - Wall Street Reform and Consumer Protection Act of 2009

Quote: 2010 Short Sale Reform - just to name a few.....
Directs the SEC to report to specified congressional committees on the implementation of SEC reforms in the wake of the discovery of fraud by Bernie Madoff.Authorizes the SEC and the CFTC to form and operate a joint advisory committee. Prescribes or revises prohibitions and requirements relating to:

(1) securities lending;
(2) lost and stolen securities; and
(3) fingerprinting of personnel of registered securities

information processors, national securities exchanges, and national securities associations. Declares that any condition, stipulation, or provision binding any person to waive compliance with any rule of a self-regulatory organization shall be void. Directs the Comptroller General to study and report to Congress on the SEC revolving door. Establishes a Financial Reporting Forum to discuss immediate and long-term issues critical to financial reporting. Directs the SEC Chairman to appoint an SEC Ombudsman. Amends the Securities Investor Protection Act of 1970 with respect to, among other specified items, an increased:

(1) assessment paid by Securities Investor Protection Corporation (SIPC) members;
(2) borrowing limit on Treasury loans; and
(3) cash limit of protection. Amends the Sarbanes-Oxley Act of 2002

with respect to:
(1) the Public Company Accounting Oversight (PCAO) Board oversight of auditors of brokers and dealers;


http://www.opencongress.org/bill/111-h4173/show

OpenCongress Summary

Introduced H.R.4173
12/02/09

House
H.R.4173 Passed by recorded vote: 223 - 202 (Roll no. 968).
12/11/09

Senate
H.R.4173 Passes Is Imminent
Jan 20th Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

President
Signs Bill Becomes Law, than we trade happily ever after.

IC'EQUITY In FMNJ, How About You?