June 11, 2009
I believe there is a single rule that can stop fraud and short sell manipulation, is to ban short selling at BID.
if short sellers play by the rules that everybody uses, it is in their interest to have the higher price for the short sale to be beneficial, but to gang up like a wolf pack to cause a wealth destruction, even though it may or may not be coordinated, it borders the lines of Fraud and stock manipulation.
Destruction of wealth is the common cause that keeping new investors away from the market.
No up-tick rule that is too complicated, no other rules that can take years to program in the trading system.
a simple rule.
NO SHORT SELLING AT BID.
Rod Jazra, Fraud Investigator
Check-Mate investigations Inc.