AN INVESTOR HAS OFFERED $100K toward a full-length professional movie with in person multi-crew interviews and maximum professional editing and narration. Seeking three more investors at $100K each, ideally individuals who want their own stories featured rooted in their experience with Wall Street treason, naked short selling, or money laundering and other forms of financial fraud. Anyone filing a mega-million lawsuit against Goldman Sachs, Merrill Lynch, JP Morgan, or Citadel is particularly well-qualified to be an executive producer of this new movie. Continue reading “Movie on Wall Street Treason & Crime Updated 21 Feb”
Notice: SEC Takes Steps to Curtail Abusive Short Sales and Increase Market Transparency
NoticeSEC Takes Steps to Curtail Abusive Short Sales and Increase Market Transparency
SEC, 27 July 2009
The Securities and Exchange Commission today announced several actions that would protect against abusive short sales and make more short sale information available to the public.
“Today’s actions demonstrate the Commission’s determination to address short selling abuses while at the same time increasing public disclosure of short selling activities that affect our markets,” said SEC Chairman Mary Schapiro.
Notice: Public Statement by SEC Chairman Naked Short Selling Is One Problem a Slumping Market Shouldn’t Have
NoticePublic Statement by SEC Chairman:
Naked Short Selling Is One Problem a Slumping Market Shouldn’t Have
Chairman Christopher Cox
SEC.gov, 18 July 2008
The demise of IndyMac, coming on the heels of Bear Stearns’ desperate sale to JPMorgan Chase, is a sure sign of the fragility of today’s markets. What’s needed now, more than ever, is reliable information for investors and confidence that trading can be conducted without the illegal influence of manipulation.
Rules: FINRA on Failure to Deliver
NoticeNotice: Speech by SEC Chairman Cox on Proposed Amendments to Regulation SHO
NoticeSpeech by SEC Chairman Cox on Proposed Amendments to Regulation SHO
12 July 2006
The next item on our agenda is the serious problem of abusive naked short sales, which can be used as a tool to drive down a company’s stock price to the detriment of all of its investors. The Commission is particularly concerned about persistent failures to deliver in the market for some securities that may be due to loopholes in the Commission’s Regulation SHO, adopted just two years ago.
Short Sales; Final Rule and Notice
NoticeShort Sales; Final Rule and Notice
Federal Register, 6 August 2004
The Securities and Exchange Commission (‘‘Commission’’) is adopting new Regulation SHO, under the Securities Exchange Act of 1934 (‘‘Exchange Act’’).
PDF (25 pages): Short Sales; Final Rule and Notice
Notice: The Depository Trust Company Rulemaking Order Granting Approval of a Proposed Rule Change Concerning Requests for Withdrawal of Certificates by Issuers
NoticeSecurities and Exchange Commission, 4 June 2003
On February 3, 2003, The Depository Trust Company filed with the Securities and Exchange Commission (“Commission”) and on February 11, 2003, amended proposed rule change SR-DTC-2003-02 pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”).1 Notice of the proposal was published in the Federal Register on February 22, 2003.2 Eighty-nine comment letters were received.3 For the reasons discussed below, the Commission is granting approval of the proposed rule change.