Replies to post #18819 on Universal Energy Corp (UVSE)

[NASCOW]

To be honest I am vague when it comes to law governing things such as this but I would say that it all comes under the context of the law and if there is no actual law governing the actions of MM's and such then the SEC and FINRA have nothing to do but twittle their thumbs..although the medium is very ripe right now with everyone pointing the fingers at our financial market situation that you might have someone take a look..I mean the Government hawks i would assume would be looking at everything and everyone as they form the inquisition

[StockGrabber]

I am sure someone has already posted the info below from other sources, but this news release seems to make it crystal clear that enough is enough when it comes to NSS. Now if they could come up with a way to eliminate all the other unfair and often illegal practices by the MMs that give them an unfair advantage in the marketplace, we would be in good shape and the free market system could start working again.

"WASHINGTON (MarketWatch) -- U.S. securities regulators issued new rules Wednesday designed to protect investors against so-called "naked" short-selling, including requiring short sellers to deliver securities by the close of business on the settlement date and making clear that those lying about their ability or intention to deliver on time are breaking the law. "These several actions today make it crystal clear that the SEC has zero tolerance for abusive naked short selling," said Securities and Exchange Commission Chairman Christopher Cox. Cox was criticized by Senate Banking Committee Chairman Christopher Dodd on Tuesday
for not doing more to prevent abusive naked short selling. "