April 21, 2007
I am appalled that the SEC has attempted to PACIFY the concerned parties with RegSho. The FACT that a companies shares are allowed to continue to FTD after they should be reconciled, with nothing being done about it, proves to me that the SEC is NOT CONCERNED about the individual investor. Furthermore, It constitutes the SEC promoting the fleecing of unsuspecting investors. If the SEC continues to allow the practice of the selling of counterfeit shares then it should be considered a partner in crime.
I demand a change in policy that forces the reconciliation of all shares, to eliminate the possibility of ongoing illegal naked short selling. It is criminal and it MUST be stopped