Joe, the new SEC is trying to fix the problems. It started with changes to Rule 144(i) to curb pinksheet shell abuses. They recently forced FINRA to start reporting short sale reports. OTC reporting is only a few weeks old now. Now they are working to reign in shorting the bid side, which is something MM's can still do.
Give it time.. the dirty secrets of the market are coming to light and many, including you, are still in denial as to just how widespread the problems are.
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