July 29, 2008
It is the responsibility of the SEC to enforce the LAW. It is really that simple. Now it's time for the SEC to just do such. The SEC has failed to enforce the law re REG SHO and specifically any ILLEGAL USE of NAKED SHORT SELLING. The failure to enforce the LAW has caused many a public company and individual to be seriously harmed. The list of companies impacted goes well beyond banks. There are many on the broad market and one simply has to read a finanical message board or listen to a cable financial show to hear or read the plethora of false rumors being spread. EX: GE/CSCO/JAVA/SNDK/and many more. You are the SEC. A branch of the government. DO YOUR JOB ENFORCE THE LAWS Protect those intended to be protected by LAW and not the liars/cheats and thieves who put our financial system and many a public company in jeopardy as well as costing many an individual investor their jobs and lifes savings.
Thank you
John DiAnni