July 17, 2008
naked shorts are illegal, Illegal..............
if the SEC can stop illegal short sales of Financial stocks, naked shorts can be stopped throughout the market.
fines as punishment for illegal naked short sales has been the cost of doing business for illegal, Illegal naked short sellers. the SEC has turned from being a regulatory agency for markets to being a politically appointed cover for CRIMINAL actions of unregulated hedge funds and copy cats brokers. Pitts and Cox's leadership has been misdirected at best, tolerant of illegal activity at worst and an betrayal of public trust.
a rhyme from early in the last century is proof naked sales are not new, just tolerated.,"he who sells what is not his'n must buy it back or go to prison".
PUT THESE CRIMINALS IN PRISON, THEY ARE STEALING THE WEALTH OF THE UNASSUMING, THE UNSOPHISTICATED, AND PASSIVE INVESTORS.
IS "BAGHOLDER" NOW THE PROPER TERM FOR FOR WHAT USE TO BE "WIDOWS AND ORPHANS"??