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Re: None

Friday, 12/17/2010 12:57:34 AM

Friday, December 17, 2010 12:57:34 AM

Post# of 55135
FINRA approved the dividend and many conversations were had between FINRA employees and management. I would think if this was fraud, FINRA would have crawled inside them with a microscope.

What if the real criminals FINRA is interested in are the naked shorts and those who help them perpetrate their heinous acts?

Naked Short Selling Prohibitions

FINRA applies short sale delivery requirements to those equity securities not otherwise covered by the delivery requirements of SEC Regulation SHO. Reg. SHO applies to all securities of all reporting issuers whether listed for trading on an exchange or quoted in the OTC market. New Rule 3210 expanded Reg. SHO requirements for FINRA member firms to include non-reporting OTC Equity Securities. Together Reg. SHO and Rule 3210 are designed to limit the possibility of abusive naked short selling in all OTC Equity securities.