InvestorsHub Logo

fourkids_9pets

04/08/09 5:56 PM

#153384 RE: DonMauri #153383

that is a great ~
and highly informative article

thanks for the post .. don

i know .. was *truly* shocked
to read this ... not ~

who says filing .. daily and
weekly complaints against Knight
~ and anyone else stupid enough
to *play* their *game* .. won't
*eventually* get results ~

--
"The majority of these failures-to-deliver are not the result of honest mistakes or bad processing," former SEC commissioner Roel Campos wrote in a letter posted on the SEC's Web site. "Rather, these companies are instead targets of illegal and manipulative trading, with intentional failures-to-deliver used by traders to extract profits as the share price plummets."

An SEC spokesman said in an email: "Reducing long-standing failures to deliver has been central to commission actions in this area."


Peter Chepucavage, a former counsel at the SEC who helped draft Regulation SHO, said the initial weakness of the rule and the years it took the SEC to stiffen it can be traced to the lobbying efforts of hedge funds and Wall Street.

Brokerage firms "have made huge amounts of money" facilitating short selling, said Mr. Chepucavage, general counsel for Plexus Consulting Group, a Washington firm that advises nonprofit firms and broker-dealers. "They want and have argued strenuously for flexibility."

---
4kids
all jmo

knowlesmsncom

04/08/09 5:57 PM

#153385 RE: DonMauri #153383

DonMauri that just supports.......

everything I have been saying all along. I guess my US Congressman was right, the naked short position in AERO was getting looked into and corrected as we speak.........

Could the last few days of volume in AERO be shorts trying to punch a hole in the exit before the SEC makes the rule change?

WAM.............SHORTS ARE BITING TO BIG ONE

NEXT STEP - FULL REPORTING OF ALL SHORT POSITIONS............

Boooooyyyyaaaaaahhhhhahahahahahaa it's about time!!!!!!!!

BROADWAY10

04/08/09 7:20 PM

#153386 RE: DonMauri #153383

Don-GOOD find!
Copley is right, our moass is coming soon!
I'll echo 4K!!!!!

The majority of these failures-to-deliver are not the result of honest mistakes or bad processing," former SEC commissioner Roel Campos wrote in a letter posted on the SEC's Web site. "Rather, these companies are instead targets of illegal and manipulative trading, with intentional failures-to-deliver used by traders to extract profits as the share price plummets."

cantgetmyname

04/08/09 7:28 PM

#153387 RE: DonMauri #153383

The number of stocks in which big chunks of shares haven't properly been delivered to investors has plummeted, to a daily average of 79 in the three months ending in March from 529 in the first nine months of 2008, according to an analysis of trading data from major stock exchanges.