Posted 2 years ago on Oct. 15, 2011, 7:07 p.m. EST by stopnakedshorting
This content is user submitted and not an official statement
We need to go to this and tell them the people are fed up with all the naked short selling from hedge funds and market makers. That is the real problem and know one is talking about it. Is’ time to stop looking the other way and deal with the naked short selling problem. Naked short selling has destroyed thousands of small business across America. And the time is now to speak up! Before it’s too late!
October 11, 2011 / The Securities and Exchange Commission has announced the panelists and final agenda for a public roundtable on microcap securities to be held on October 17. Next week’s roundtable is being sponsored by the SEC’s Microcap Fraud Working Group, a joint initiative of the Division of Enforcement and Office of Compliance Inspections and Examinations. The Working Group is the SEC’s primary resource for issues relating to market participants and trading practices concerning securities primarily quoted on the OTC Bulletin Board (OTCBB) or OTC Quote (previously Pink Sheets). The roundtable is part of an ongoing SEC effort to focus on the particular challenges facing issuers and regulated entities within the changing business and regulatory climates. The purpose of the roundtable is to enable the SEC staff to gather ideas and request input for regulatory measures surrounding the execution, clearance and settlement of low-priced securities. The event will feature three panels discussing key regulatory issues, including anti-money laundering monitoring, compliance challenges, and potential changes to the microcap regulatory framework. It will begin at 1 p.m. in the multi-purpose room at the SEC’s Washington D.C. headquarters, with public seating on a first-come, first-served basis