Ignutz....thanks. I was just going to post this same article.
What absolute BS!
The SEC told FinancialWire that it has no power to require identification of individuals behind such firms.
...."However, FinancialWire interviews with spokespersons at the SEC has determined that individuals may open nominee offshore firms without providing their identities to anyone, and by using a multiple number of such nominee firms can even gain complete control of a public company while never revealing their true identities.
The SEC told FinancialWire that it has no power to require identification of individuals behind such firms.
Columnist Jack Anderson has stated that millions if not billions of dollars are laundered through naked short selling schemes."......
News 
Market Data 
Discover 
AI
