Article: Who’s Looking Out For You? SEC Critics Seeking Investigation

Article - Media

Who’s Looking Out For You?: SEC Critics Seeking Investigation

Mark Faulk

FaulkingTruth cited by RGM Communications via Wayback,  27 June 2004

The mission statement of the SEC is clearly worded and easy to understand: “The primary mission of the U.S. Securities and Exchange Commission (SEC) is to protect investors and maintain the integrity of the securities market.”

Last Wednesday, they adopted new rules concerning short-selling that accomplished neither goal. Instead, they passed a watered-down version of their earlier proposed regulation SHO, a version that did absolutely nothing to “protect investors and maintain the integrity of the securities market”. And unlike their mission statement, the new rules are neither clearly worded nor easy to understand. In fact, the only clear message was the “subliminal” one that the SEC sent to investors, which was, simply stated: “We don’t care”.

Access archived page.

Letter: Pink Sheets LLC Letter to SEC Regarding Proposed New Regulation SHO

Letter

Pink Sheets LLC Letter to SEC Regarding Proposed New Regulation SHO

9 June 2004

Pink Sheets LLC (“Pink Sheets”) provides the following comments on
proposed new Regulation SHO under the Securities Exchange Act of 1934
(the “Exchange Act”), which would replace Rules 3b-3, 10a-1, and 10a-2.
Pink Sheets is the leading provider of pricing and financial information for the
over-the-counter (OTC) securities markets and, among other things, operates
an Internet-based, real-time quotation service for OTC equities and bonds for
market makers and other broker-dealers registered under the Exchange Act.

PDF (5 pages): Pink Sheets Short Sale Comment

THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?