January 21, 2008
I am in favor of any move to counter the criminal activity that has allowed Hedge Funds to steal from investors by selling naked short positions and never having to cover them. This results in Phantom shares trading that only help to depress the stock price. This is well known, but to date nothing has been done to enforce current laws against this type illegal activity. Unless and until someone in regulation gets serious about protecting the individual investor, the rape of the individual investor will continue under the watch of the SEC.