NO QUARTER FOR CORRUPTION (Focussing on The Fed./FRBS)

[Telephonics]

I attended that forum. The post you made is a good summary but I must point out that those present including panel members put up an abysmally week defense of SHO and the enforcement actions taken by the SEC. I previously posted the letter that the NASAA sent to the SEC detailing problems and recommended solutions to these long standing problems.Even the grandfathering clause didn't draw much favorable defense.I find it very disturbing that thye SEC apparently recognizes the illegality of naked shorting yet they let those who were caught off the hook with not even a slap on the wrist. Then they turn around and don't even bother to enforce their new regulation. Are those grandfathered now comlying--I doubt it.