Replies to post #16958 on DD Support Board and Research Team

[janice shell]

Thanks!

[Sharktnk]

Yes, thanks Renee. Hope to listen to the entire roundtable over the weekend. BigBake1 had also posted some comments earlier on the BEHL board:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68075458

[fourkids_9pets]

spoke with elizabeth murphy

http://www.sec.gov/about/concise.shtml

Office of the Secretary
Elizabeth M. Murphy, Secretary
[phone]

transcripts of the microcap round table
should be out within a week or two ..

===
4kids
all jmo

[teapeebubbles]

wonderful news thank you for posting it :)

[Renee]

Re the SEC Roundtable: Not once did any member of the three Panels talk about Naked Short Shares in any context whatsoever.

The primary issues were about Issuers selling unregistered shares and / or improperly exempted from registration shares, plus the other correlated issues of poor to no transparency, bogus Legal Opinion Letters on Issuers and improper exemptions for the T/A's, and other fraudulent or suspicious activities.

The pervasive theme on most message boards when a stock's PPS sinks to Davey Jones Locker is to blame the meany naked shorter Market Makers for the demise rather than blame the issuers, T/A's, bogus Legal Opinion Letters, stock promoters / Pump and Dump schemes, the fraudulent selling of shares, and any other nefarious activities.

It is time for the NSS conspiracies to be put out to pasture with the rest of the horse hooie since NSS is an SEC Regulation Sho issue with the Market Makers and has nothing to do with the other 99 percent of the manipulations and fraudulent activities that transpire in microcap stocks.

There could never be a naked short squeeze anyway, simply because MM's control ALL online trading and they can cover their fail to delivers with uber-ease. Ain't seen one naked short squeeze and no-one ever will.

[MaxShockeR]

Good Job Renee :) so our RED FLAG ratings system would come in handy LOL !!!


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66399712


thanks for the roundup, since i still did'nt view all the video yet only 1/3 of it, besides the DTCC's chills and the Knight Securities, i like these parts below that you noted.

Various panelists talked about red flags and the necessity for Gatekeepers ( eg Broker Dealers, Transfer Agents, Clearing Firms ) to file SARs ( Suspicious Activity Reports ) to the SEC and DTCC on all suspicious trading activities that invariably involve the selling of unregistered or questionably registered shares. The panel agreed that any microcap company that changes business operations should be cause for a SARs. SEC Chairman Schapiro said that one SARs may not be cause for a Suspension or an Inquiry but she exampled that 3 SARs from various Gatekeepers could. She (and other panelists ) state that SARs are accelerating from 578 reports in 2006 to over 1600 in 2011.

Cromwell Coulson, CEO of the OTC Group plauded the tier system for being an excellent resource for the SEC to investigate SARs, conduct Investigations, and invoke Suspensions. Coulson advocated for mandatory requirements for Transfer Agents to file all increases in shares of an Issuer.

Coulson stated the OTC Group has a published list of Lawyers who have written questionable Legal Opinion Letters.

Coulson stated the OTC Group has been given more authority to request additional information from all Issuers, and the OTC Group is downgrading an increasing amount of Issuers to Caveat Emptor for failure to provide requested information.

Coulson recommended that Transfer Agents be required to post accurate Outstanding Shares and to post all officers and directors of Issuers.

Coulson recommended that insiders and promoters be restricted from selling new share issuances for one year. <== oh hell yeah!!

Coulson stated that even with all the warnings and protections the OTC Group provides that they " can't protect dumb investors ".

Closing statements from various panelists addressed dead shells being used to commit microcap fraud, and that vastly improved technologies allow viral frauds to happen quicker than can be detected, therein the need for a central repository for all Gatekeepers to access to identify the repeat offenders in order to expose a current fraud and take action BEFORE they can start their next fraud

[KELLYCO]

"All panelists agreed that there needs to be communication and transparency between the agencies to be proactive in routing out pump and dump schemes, the selling of unregistered or questionably registered securities, and microcap fraud."

That means the Bertholds have to retire now.All they know how to do is pump and dump .

[MaxShockeR]

it's very important info that should be shared more IMO so i posted your post on my other boards :) and your "Notes & Hilites" are well done.. and yes i did put the credits to you for your hard work with a posted by Renee at the end :P


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68244971


Thanks and Good Job

[cyberbullymouse]

Thanks again for this!