March 27, 2008
The SEC is considering more regulations to stop Naked Short Trading, but I think enough regulations were already on the books.
I have seen so many fined for stock manipulation, but the ones fined do not have to admit any wrong doing. Where is the motivation for the wrong doer to stop security fraud. They make 5 million on the fraud and get fined 1 million.
If you expect people to obey the regulations, then the SEC also needs to obey the regulations, and pay shareholders the 1.00 per share for the Rico regulation, for the naked short trading that has taken billions from investors.
Yes, if you could not tell by now, I am a bona-fide CMKX certificate holding shareholder.
We are not going away.