Replies to post #63679 on Mass Hysteria Entertainment Co. (fka MHYS)

[traderinvestor]

jdwintx stop trying to mislead people by using the word SEC or Finra as any real investor with real money aka myself and many others here and worldwide know that the SEC and Finra have not nor have they been able to control the illegal short selling aka naked shorting aka doing it through exclearing of shares with MHYS and many other penny stocks/big board stocks.


AS you asked, however I don't like wasting time in your post games, here are a few links that show your POST is 100% FALSE & MISLEADING but now that you asked give me a few minutes and I will send you plenty more.

http://www.wsj.com/articles/SB124871727822084391
https://www.deepcapture.com/tag/sec/
http://www.firstamericanstock.com/index.php/articles/why-is-naked-short-selling-both-illegal-and-common-practice/
http://www.deepcapture.com/


http://thedailyrecord.com/2014/05/29/journalist-sues-sec-to-get-naked-short-selling-files/
Journalist sues SEC to get naked short selling files
By: Associated Press May 29, 2014

CHICAGO — A lawsuit has been filed under the Freedom of Information Act against the Securities and Exchange Commission (SEC) to obtain the agency’s investigative files relating to more than a dozen aborted investigations and cases involving naked short selling.
The complaint was filed on behalf of Mark Mitchell, an investigative journalist who publishes on www.deepcapture.com, a website that offers in-depth reports on the extent to which naked short selling pervades the US capital markets.
According to the complaint, naked short selling has flourished over the past decade because of regulatory loopholes designed by Wall Street and embedded into law by the SEC. Although the SEC created a regulation in 2005 — Regulation SHO — that was supposed to stop the practice, Mitchell claims the SEC’s Enforcement Division rarely enforced the regulation.
“The SEC has opened multiple investigations and filed a few administrative cases focusing on naked short selling, but has released little information regarding its findings in those investigations,” says Mitchell. “The few cases which the SEC has filed for naked short selling involve minor market participants or trivial violations by major financial institutions.”
Regulators assumed that Reg SHO had contained naked short selling until the financial crisis fully blossomed in 2008. As the stock prices of the nation’s biggest investment banks, such as Lehman Brothers and Morgan Stanley, collapsed, their CEOs claimed that naked short selling — which had flooded the market with counterfeit stock — was to blame. Mitchell’s complaint tells how the SEC then frantically issued a half a dozen emergency orders and revisions to Reg SHO in 2008 and 2009 to stop naked short selling.
Mitchell says the SEC has never made public the results of its investigations of the naked short selling of Bear Stearns, Lehman Brothers, Merrill Lynch, Morgan Stanley or Goldman Sachs, the big banks that collapsed or nearly collapsed during the financial crisis. The complaint also points to the massive violations of Reg SHO committed by UBS Securities and Credit Suisse Securities, which became public in 2011 when the Financial Industry Regulatory Authority (FINRA) released its settlements with those two banks.
The naked short sales by UBS were “in the tens of millions,” according to FINRA, and had the potential to undermine the integrity of the capital markets. The Credit Suisse violations of Reg SHO, according to FINRA were in the same ballpark, with approximately 10 million violations.
Although the releases of FINRA’s settlements confirmed that hundreds of other market participants were involved in these violations, none were identified. Nor did FINRA identify any of the public companies that were victimized by the naked short selling. FINRA also did not identify any executives or employees of the banks that participated in these violations.
“The complaint seeks the SEC investigative files relating to more than a dozen of its investigations or filed cases involving naked short selling,” say Mitchell. “I intend to cut through the veil of secrecy that surrounds naked short selling and to enable the public to understand just how great a risk this form of market manipulation poses to our capital markets.”
Mitchell is represented by Gary Aguirre, a former Senior Counsel in the SEC’s Enforcement Division. In 2006, Aguirre testified before the Senate Judiciary Committee that naked short selling was one of the types of market abuse plaguing the capital markets that the SEC was ignoring. Mr. Aguirre is being assisted by Hal Wood of Horwood Marcus & Berk Chartered in Chicago.

[traderinvestor]

MUST READ Proof/Links on Finra/SEC NSS Lies..BREAKING NEWS: NAKED SHORT SELLERS RUN WILD ON WALL STREET Here is another link you asked for and a MUST READ: https://www.theblot.com/breaking-news-naked-short-sellers-run-wild-on-wall-street-7728212

Here's the full article below with plenty of links that shows Finra/SEC are not nor can they stop Naked Short Selling:

BREAKING NEWS: NAKED SHORT SELLERS RUN WILD ON WALL STREET

Naked Short Sellers Run Wild on Wall Street. Financial regulators like FINRA’s Jeffrey Bloom https://www.theblot.com/finra-ceo-rick-ketchum-played-like-fool-failed-catch-regulatory-abuser-racist-jeffrey-bloom-7716355 are protecting the American public, right? Bull$hit. Regulators like Bloom are part of the problem, and the problem starts with naked short sellers. These are traders who create boatloads of fictitious shares in victim companies and then dump them on the market as if they were real. Because this floods the market with a supply of shares, a sharp decline in the real market value of the stock results. Price is a result of supply and demand, and naked short sellers are essentially printing tons of money that doesn’t really exist.

How could they get away with something like this? They have the assistance from government regulators who should be protecting American companies and investors, but who have largely allowed this recurrent behavior to go unchecked.

READ MORE: BLOOMBERG’S DUNE LAWRENCE ADMITS TO BEING A TECHNOLOGICAL NEANDERTHAL https://www.theblot.com/bloombergs-dune-lawrence-admits-shes-technologically-idiotic-7721332

Even though “naked” short selling is against the law, no one seems to really do anything about it. The SEC and Depository Trust & Clearing Corporation (DTCC) are tasked with catching these guys, though seem to only have done so effectively on one recent occasion http://www.sec.gov/News/PressRelease/Detail/PressRelease/1365171482856#.VEfBY_nF9yw. Clearing firms, e.g., Merrill Lynch, Goldman Sachs, JP Morgan, Citibank, et al, are supposed to comply with these laws, but of course they don’t, and when these “worthies” condone or participate in this kind of supposedly illegal transaction, it is easy for ruthless gangster traders to make millions of dollars at the expense of the investor victims’ stock value.

READ MORE: U.S. AND CHINESE AUTHORITIES POINT FINGERS AT JOHN “FATTY BOY” CARNES https://www.theblot.com/jon-carnes-crime-family-2-years-prison-crime-implicated-barrons-racists-leslie-norton-bill-alpert-7717059

COVERED SHORT SELLING IS LEGAL, THIEVES DO IT NAKED

The Legal (“Clothed”) Short Sale — An investor sells shares which he does not own and delivers borrowed shares three days later. To close out the transaction, the investor later buys shares in the market and delivers them to the stock lender.

The Illegal (“Naked”) Short Sale — A malicious profiteer sells an unlimited number of shares which he does not own, and that do not validly exist. He does not bother to borrow or deliver any shares at all to the buying broker. This creates something called a “fail” or “fail to deliver” at the buying broker. What allows the “fail” to spiral out of control is that the buying broker unlawfully fails to buy in the missing shares and lets the “fail” continue indefinitely.

READ MORE: U.S. AND MYLES EDWARDS AND CONSTELLATION WEALTH ADVISORS INDUCTED INTO THE CONSTELLATION OF SHAME https://www.theblot.com/myles-edwards-disgraced-constellation-wealth-advisor-lawyer-implicated-ronen-zakai-felony-conviction-777695

The naked short seller https://www.theblot.com/real-life-wolf-wall-street-jon-carnes-caught-7714093, with cooperation from the buying clearing broker, DTCC and the SEC, can actually sell more shares than even exist! As per the law of supply and demand, this obliterates the price of the company’s stock and viciously destroys the bank accounts of honest investors.

JON CARNES USES NAKED SHORTS TO DESTROY A COMPANY; SEC AND FINRA SWOON

The famed naked short-seller and conman “Fatty Boy” Jon Carnes https://www.theblot.com/real-life-wolf-wall-street-jon-carnes-caught-7714093 led a naked short-sale attack against Deer Consumer Products [Nasdaq: DEER] on March 21, 2011 when the volume exploded from an average of 300,000 shares to 4,016,400! The share price plunged from $11 to $0.05 (-99.55%), exacerbated by false accusations supplied by Carnes and his cronies to the Nasdaq Stock Market and the SEC. Investors lost $367,740,000 in-market value! How could any one man’s actions be so effective? Easy: Carnes had the mainstream media and regulators under his spell.

READ MORE: FACEBOOK FRAUDSTER DUPES SHADOW-GOVERNMENT AGENCY FINRA https://www.theblot.com/criminal-conviction-facebook-fraudsters-ronen-zakai-maureen-gearty-duped-everyone-776002

REGULATORS AND MEDIA COLLUDE IN THE NUDE

Deer Consumer Products was not the only company who was targeted, however. Short-seller attacks on Overstock.com led to a multitude of lawsuits, allegations that Goldman Sachs and Merrill Lynch had unlawfully participated in naked short selling and the creation of Deepcapture.com, founded by Overstock’s CEO Patrick Byrne. Deep Capture is an investigative journalism site focused on unmasking and embarrassing perpetrators of naked short-selling skullduggery.

Deepcapture.com http://www.deepcapture.com/ presents a compelling argument that there is collusion among short sellers, market makers, analysts, clearing agents/stock loan, media network talking heads, business writers, etc., whose concerted efforts are meant to target companies for a systematic destruction of its public equity.

READ MORE: JOURNALIST BRIBED BY SHORT SELLER TO DESTROY COMPANY https://www.theblot.com/roddy-boyd-exposed-fraud-journalist-trashes-companies-bribed-jon-carnes-crime-family-7715982

For years, so-called financial writers https://www.theblot.com/racist-bloomberg-reporter-dune-lawrence-duped-stock-swindler-jon-carnes-7713330, hedge-fund goons and SEC staff members, have scoffed at Deep Capture’s allegations and heaped scorn on Mr. Byrne, claiming that naked short selling does not exist.

NAKED SHORT SELLERS HAVE BEEN RUNNING WILD

Recently, strong evidence has surfaced indicating that naked short selling may be a widespread and normal practice, unchecked by regulators or clearing firms. A CEO letter to shareholders of TNI BioTech quotes an e-mail from the head of clearing of a major brokerage firm. This clearing executive complained that it would not be possible to deliver shares even with a month’s notice. In bland, complacent tones, the e-mail confirms http://www.prnewswire.com/news-releases/tni-biotech-inc-corporations-ceo-issues-letter-to-shareholders-discussing-cytocom-dividend-277484861.html the normal practice of long-term serial “fails,” permitting other clearing firms to violate the SEC rule that shares must be delivered with three days after a trade, thus facilitating naked short selling.

READ MORE: JON CARNES CRIME FAMILY INFECTS MAINSTREAM MEDIA REPORTING https://www.theblot.com/jon-carnes-crime-family-2-years-prison-crime-implicated-barrons-racists-leslie-norton-bill-alpert-7717059

The e-mail to the holders of TNI Biotech http://www.prnewswire.com/news-releases/tni-biotech-inc-corporations-ceo-issues-letter-to-shareholders-discussing-cytocom-dividend-277484861.html stated in no uncertain terms that a major issue exists with respect to naked short selling, and its effect on confidence in the markets. The e-mail asked: “If a DTCC Participant presents to your transfer agent a list for an amount of shares that exceeds their DTCC record date position, what will you do? If for example, the transfer agent goes back to the DTCC Participant and asks where are the remaining shares, the DTCC Participant’s likely response will be they are owed to them by another DTCC Participant who has failed to deliver by the record date. Therefore, the client bought the shares for settlement through the record date and is a legitimate and rightful record date holder, but the client’s broker-dealer or custodian does not have the shares in their DTCC account because the Seller of the shares have failed to make delivery by record date. Fails are [a] common occurrence in our industry …”

READ MORE: FRAUD BLOOMBERG REPORTER DUNE LAWRENCE OILED IN SMEAR, CORRUPTION. https://www.theblot.com/reporter-dune-lawrence-notorious-bloomberg-writer-oiled-smear-corruption-7754162

Frighteningly, the e-mail continued to state that “… it may be very problematic to say who has the shares in their DTCC account because the shares are owed to them by let’s say Merrill Lynch, Merrill may be owed the shares by UBS who are owed the shares by JP Morgan and so on and so on. You don’t know how far down the rabbit hole goes.” Essentially, it is impossible to determine who actually possesses the millions of dollars in shares being traded. Down the rabbit hole indeed.

What the investing public thus has on its hands is a grotesque system by which a single ruthless con man like “Fatty Boy” Jon Carnes https://www.theblot.com/real-life-wolf-wall-street-jon-carnes-caught-7714093 can utterly destroy millions upon millions of dollars in company equity!

READ MORE: PROFESSOR CHRIS BRUMMER, AN UNQUALIFIED CFTC NOMINEE IN A SECRET DARK CLOSET. https://www.theblot.com/professor-chris-brummer-unqualified-cftc-nominee-secret-dark-closet-7751035

The regulators and the media are in bed with the big investment banks, and the media is in the pocket of the goons who continue to use naked short selling to perpetrate the greatest fraud of our time. Regulators spend the majority of their time strangling little fish while letting the major players get away with corporate murder.

Or does this all make sense? The top brass at the investment banks and regulatory office are constantly switching sides through a very well lubricated revolving door. The public should be asking whose side they are really on and demanding greater enforcement action against banks and conmen who use the naked short sale to kill or exploit other participants in our marketplace.

[watchingsum]

Looks like he is pretty credible...and many chinks in your story in comparison!