Norzinc Ltd. (NORZF)

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Canadian Zinc Corp (CZICF) funfiat$1.35 UP $0.04 +3.05%

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New Rules Will Cause Panic For Shorts
Posted: Feb 25 2011 By: Jim Sinclair
Filed under: General Editorial

Dear Friends,

February 28th > be prepared for panicked
short sellers who cannot make delivery to try every trick in
the book to buy back their short positions.

http://jsmineset.com/

The following is information from Dr. Jim Decosta:

Here is the URL:

http://www.finra.org/Industry/Regulation/RuleFilings/2010/P121892?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+FINRARuleFilings+(FINRA+Rule+Filings)

Quote: There’s 3 new laws gaining attention in the NSS market reform arena:
FINRA 4320 goes into effect on 2/28/11.
It mandates 13 day buy-ins for open delivery failures FINALLY
applying to shares of non-reporting corporations.
FINRA 2010-043, also starting on 2/28/11 reinstates the
“short sale exempt” (SSE) marking requirements for trade
reporting and the OATS system.
Those MMs accessing the bona fide MM exemption from executing
pre-borrows or “locates” before admittedly naked short sales
must now FORMALLY acknowledge the accessing of that
universally-abused exemption.
Being that these trades are theoretically being made to
“inject liquidity” then the excuse to hide the related
trade data from the public’s eyes goes out the window.
You can’t have it both ways and claim the bona fide MM
exemption and later claim that the related trade data
needs to be kept secret because it might reveal a
“proprietary trading strategy”.

Truly bona fide MMs that are able to legally access that
universally-abused exemption cover their naked short position
on the next downtick after their short sale when buy side
liquidity is in need of being ejected as share prices fall.
The 3rd new rule which is in effect now states that
the offers and bids that MMs post must be of approximately
the same size.
No longer can the offers be of 1 million shares and
the offsetting bid good for the minimum 5,000 shares.

The verbiage in 4320 is especially well done as it FINALLY puts
the clearing firms that aid and abet this crime wave on the
spot.
With the FFETF, which is made up of 25 different agencies,
now on the scene the transparency has increased markedly.
You can imagine how critical the lack of transparency is to
a crime involving selling nonexistent securities and
then refusing to ever deliver that which you sold AFTER
being allowed access to the funds of the investor being
defrauded.

Here are the links to the rules
SR-FINRA-2010-028
and SR-FINRA-2010-043:

http//www.finra.org/Industry/Regulation/RuleFilings/2010/P121522

Notice the part I marked in bold in the quote above:
"FINRA 4320 goes into effect on 2/28/11.
It mandates 13 day buy-ins for open delivery failures FINALLY
applying to shares of non-reporting corporations."

God Bless