Foreign Collusion, Naked Shorting (Counterfeiting) & Money Laundering — All Illicit Wealth
SEC, CFTC Build Ties; Naked Short Selling
Melissa Klein Aguilar
ComplianceWeek, 17 March 2008
Leaders of the Securities and Exchange Commission and the Commodity Futures Trading Commission have pledged to build a stronger working relationship between their two agencies, in the face of ever-more blurry lines between securities, commodities, and futures.
SEC Proposes Teeth for Short-Selling Rules
Judith A. Burns
The Wall Street Journal, 5 March 2008
Securities regulators voted 3-0 to propose a rule intended to crack down on lingering abuses involving so-called naked short sales and failures to deliver shares that have been used in such sales.
SEC proposes tougher “naked” short selling rules
Rachelle Younglai, Richard Chang
Reuters, 4 March 2008
The U.S. Securities and Exchange Commission on Tuesday proposed tougher rules to curb so-called “naked” short-selling abuses and prevent market price manipulation.
SEC Chairman Christopher Cox said regulation SHO, an existing rule partly aimed at short selling abuses, “needs teeth.”
THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?
