NCANS National Coalition Against Naked Shorting This page is dedicated to an advocacy group of concerned private investors who have banded together to create an organization committed to battling abuses of the financial system perpetrated by predatory market manipulators. The charter of the group is simple:
That the systematic violation of the Regulation SHO rules against naked shorting poses an imminent threat to the credibility of the US financial system.
That our regulators are uninterested in enforcing the rules that have been on the books since the passage of the Securities Exchange Act of 1934 by Congress.
That the existence of a Reg SHO Threshold list is a "list of shame" - a testament to our regulators not enforcing the rules against naked shorting. If they did, there wouldn't be a list.
That the grandfathering of all "fail to delivers" (naked short sales) prior to January 7, 2005 represents an effective "vacation from the rule of law", and amounts to a pardon for the criminals that have manipulated the system. This is akin to allowing bank robbers to keep the proceeds of their robberies prior to the beginning of the year, and is an afront to those who expect our system to protect us and enforce the rules designed to do so.
That the Administration's drive to privatize Social Security is untenable given the egregious violation of the public trust that our regulators' failure to enforce the rules represents. Our first project is to raise the funds to run a full page advertisement in the Washington Post.
Our objective is to get the system to do its job, to protect the widows, and retirees, and small investors who have invested in the market believing that there was a level playing field. At present that conceit is a hollow one.
Our demands are straightforward and reasonable:
1) Make the SEC enforce the rules that were written and designed to protect investors from naked shorting. No exceptions, no back-room sweetheart deals, no looking the other way while America is fleeced.
2) Make the DTCC disclose the number of shares in violation for each company on the list, on a daily basis.
3) Eliminate the grandfathering "vacation from the rule of law" on an illegal abuse that has been ongoing. Enforce the buy-in provisions on ALL naked short positions, not just the latest violations. Don’t reward criminal behavior. Punish it.
4) Demand accountability for how this violation of the public trust in our regulators and our financial markets occurred, and fix it, rather than covering it up. Contributions are being solicited. A law firm has offered their services in administering the escrow account. Their info is:
Wire Transfers:
WELLS FARGO BANK- Client Trust (Sadr & Barrera)
401 B Street, Suite 101
San Diego, CA 92101
ABA # 121000248
For Further Credit to SADR & BARRERA, APLC, ATTORNEY CLIENT TRUST, Account number 0430243675
Please email the firm at sadr@sadrbarrera.com and let them know how much you sent and when so that they can account for it.
Checks:
Checks may be sent to the lawfirm at the below address - Make the checks out to Sadr & Barrera, APLC - please reference on checks "For NCANS". Please Fed Ex if you can, as time is of the essence.
Sadr & Barrera, APLC 401 West A Street, Suite 1815 San Diego, CA 92101 (619)233-8460 Phone (619)239-0575 Facsimile
Are you having fun with OSTK(g)? Believe it or not,I am out of Jcom....don't trust this one . I might re-enter if I see it busting through $36 with authority. Holding Symc and went short( not good at shorting) on ERTS this morning at $66.10 .Escaped CCMP last week and got out of Tasr last week as well above $18.Not doing much lately as I am waiting for more lows in the market .
Market Data 
Markets 
AI
