Replies to post #4213 on Tri-Valley Corp (fka TVLYQ)

[jonesieatl]

thanks Howard .. pretty amazing

A rule to enforce an already existing rule.

I suppose one day we'll have a rule to enforce the rule which says to enforce the first rule.

One thing for sure ... short selling isn't going to go away. Too much money to be made in hedge funds and other 'big-money' operations.

Did you see that thing on CNBC last night about how much money the top 25 hedge fund managers make?

jonesie

[jonesieatl]

SEC update

http://www.bloomberg.com/apps/news?pid=20601087&sid=ansrs4i.J_Ek&refer=worldwide

As SA12 said , this appears to be going after the big fish who have been stinking up the big companies.

"July 16 (Bloomberg) -- The U.S. Securities and Exchange Commission subpoenaed Wall Street's biggest firms and hedge-fund advisers in a widening effort to crack down on suspected manipulation of Lehman Brothers Holdings Inc. and Bear Stearns Cos. shares, said three people with knowledge of the matter."

"The order requires anyone making a short sale to first ``borrow or arrange to borrow'' the securities and then deliver them by the settlement date. It applies to shares in 19 companies, including Citigroup Inc., JPMorgan and UBS AG."