September 29, 2009
Wake up and see the Iceberg.
Do you all have that short of memories , just a short time back the SEC tried to grandfather in a boat load of shares, or was the grandfather clause to prevent short squeezes?
That is outside of the jurisdictional authorities of the SEC and could be considered aiding and abetting fraud.
They did put a ban on shorting IPOs
They tried to stop the short selling of some banks to protect them, I ask you today: why only protect them, cant you see that all companies should have the same rights to the same protection that IPOs have?
Companies can only look to the SEC for protection from the fraud and manipulation that is caused from abuses in short selling and for way too many years the SEC has turned a blind eye and not tried to control it.
Most everyone will say that some type of tightening of the reins on short selling will help the market.
United Kingdom Financial Services.
The ability to introduce a ban on an emergency basis:
But why let it become an emergency before putting a ban on it?
Is it just greed that keeps it going? And, as long as they dont get too greedy in what they do, then its ok?
And sometimes putting a temporary ban could help the market.
Why just help the market, lets do it right and fix the market.
But who will give up the right on taking part in selling shares they do not own and hope the companys share price will drop down or the lower the better, so they make money as the price drops, heck, the more who jump on the bandwagon and short sell the stock, the more money they can make.
You may find that more companies in the market will not want to give up the short sale because it has turned into a source of cash flow that they can control.
They know before the fact if they have good news or bad news, if share price will go up or go down, and its all in who you know and when you know it.
ceo Blind Co Inc