Category: Letter

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$100 Trillion Stolen by Wall Street Recoverable — Robert Steele’s Open Letter to the President

Letter

11 June 2020

Open Letter to the President

Leverage NSA, Clean Up Wall Street, Engage Authentic Black Leaders

Mr. President,

It is my good fortune to be a former spy and also good friends with Bill Binney and known to Mike Flynn.  It has taken me months to arrange for Bill Binney to speak on the record, in a sixteen minute video at https://tinyurl.com/NSA-10-30-100. With ten people in thirty days Bill can deliver all the data you need to confiscate, through civil and criminal forfeiture, $100 trillion (or more) in assets acquired by varied Wall Street financial criminals among whom Goldman Sachs is by far the largest, using naked short selling and money laundering to steal from all.

Continue reading “$100 Trillion Stolen by Wall Street Recoverable — Robert Steele’s Open Letter to the President”

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Letter: From Dan Mathisson to SEC

Letter

From Dan Mathisson to SEC

16 June 2009

Credit Suisse welcomes the opportunity to comment on the proposed amendments to Regulation
SHO (the “Release”) of the Securities and Exchange Commission (the “Commission” or “SEC”),
which would impose “price test” restrictions on short selling in the U.S. equities markets.

PDF (18 pages): From Dan Mathisson to SEC

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Letter: Michael Kushner to Legislators

Letter

Michael Kushner to Legislators

Michael Kushner

11 October 2008

The economic problems we are facing have more than one cause. There is an elephant in the room and nobody is saying a word. The financial collapse that resulted in a 2.5 billion-dollar tax payer bail out is not only a result of greed and mismanagement in the sub -a prime mortgage lending market, but is a direct result of hedge funds forcing 16% of listed companies into bankruptcy this year through unregulated criminal naked shorting, shorting with insider information, and criminal programed trading.

PDF (16 pages): Michael Kushner to Legislators

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Letter: To SEC from Dave Patch on Tick Test

Letter

January 12, 2007

Ms. Nancy M. Moms Securities and Exchange Commission 100F Street, NE Washington D. C., 20549-1090

As a follow-up to my previous memo regarding this proposal to eliminate the tick test/ price test, I would like to further emphasize the concerns the public has with regards to the regulations of market making activities as they pertain to this proposed and all other short sale regulations.

Continue reading “Letter: To SEC from Dave Patch on Tick Test”

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Letter: NASAA Letter to SEC on Proposed Amendments to Regulation SHO

Letter

NASAA Letter to SEC on Proposed Amendments to Regulation SHO

Joseph P. Borg

NASAA, 4 October 2006

NASAA offers its support of the proposed amendments to Regulation SHO. While we are encouraged that the Commission is adopting a more proactive stance in this area, we believe that much more is necessary in order to regain public confidence in the integrity of U.S. capital markets and protect both the investing public and our nation’s small business interests. NASAA strongly urges the Commission to take all necessary steps to eliminate abusive short selling, and the corrosive practices that surround it, consistent with the Commission’s mission to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.

PDF (22 pages): NASAA Letter to SEC on Proposed Amendments to Regulation SHO

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Letter: Research Capital Corporation to SEC on Proposed Amendments to Regulation SHO

Letter

Research Capital Corporation to SEC on Proposed Amendments to Regulation SHO

Geoffrey G. Whitlam, Vanessa M. Gardiner

6 September 2006

Research Capital Corporation (“RCC”) and Research Capital USA Inc. (“RECA”) have reviewed both the existing regulation and the proposed amendments and we have the following submission regarding the proposed changes to Regulation SHO and the problems created by naked short sales.

RCC is a Canadian Investment Dealer that is registered with the Investment Dealers Association of Canada (“IDA”). RCC is a full service brokerage firm that provides selfclearing for both RCC and RECA. RECA is a U.S. Broker Dealer registered with the NASD. Both organizations are headquartered in Toronto, Canada.

PDF (4 pages): Research Capital Corporation to SEC on Proposed Amendments to Regulation SHO

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Letter: National Coalition Against Naked Short Selling – Failing to Deliver Securities

Letter

National Coalition Against Naked Short Selling – Failing to Deliver Securities

NCANS

Letter to SEC, 5 September 2006

NCANS is a grassroots organization born of necessity. We are supported by and composed of investors on the receiving end of the negative consequences of naked short selling, long-term unsettled trades, and failed securities entitlements.

In addition to investors and participants, our members include corporate executives concerned about the deleterious effect these practices have on their companies, employees and investors, and their negative impact on corporate governance issues like shareholder votes.

Read full letter.

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Letter: Susanne Trimbath to SEC on Proposed Amendments to Regulation SHO

Letter

Susanne Trimbath to SEC on Proposed Amendments to Regulation SHO

Susanne Trimbath

STP Advisory Services, LLC, 29 August 2006

I am a Ph.D. economist doing research and consulting in finance and economics. I am formerly Director of Transfer Agent Services for Depository Trust Company in New York, and Operations Manager for Pacific Depository Trust Company and Pacific Securities Clearing Corporation in San Francisco. I also was Senior Advisor for KPMG on the USAID Capital Markets Project to design and implement trade clearing and settlement operations during privatization in Russia. Over the last three years I have been a paid advisor to companies, investors and law firms on the issues addressed by Regulation SHO. My comments will reflect my expertise in economic analysis of law and market efficiency, plus securities processing operations.

PDF (14 pages): Susanne Trimbath to SEC on Proposed Amendments to Regulation SHO

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Letter: Robert Shapiro to SEC on Regulation SHO

Letter

Robert Shapiro to SEC on Regulation SHO

Robert Shapiro

31 August 2004

I am Robert J. Shapiro, chairman of Sonecon, LLC, an economic advisory firm in Washington, D.C., and a long-time observer and analyst of U.S. and global financial markets. I served as Under Secretary of Commerce for Economic Affairs from 1998 to 2001, Vice President and co-founder of the Progressive Policy Institute from 1989 to 1998, and principal economic advisor to Governor William J. Clinton in the 1992 presidential campaign. I hold a Ph.D. from Harvard University and have been a Fellow of the National Bureau of Economic Research, the Brookings Institution, and Harvard University. I want to convey my serious concerns about the impact of the final version of Regulation SHO regarding short sales, as issued by the Securities and Exchange Commission (SEC) on July 30, 2004 1 , on the fairness and transparency of our equity markets.

PDF (4 pages): Letter to SEC on Reg SHO – Robert Shapiro – August 31 2004

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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

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