Naked short sellers dont borrow before trading -- a practice that becomes evident once the stock isnt delivered. Such trades can generate unlimited sell orders, overwhelming buyers and driving down prices, said Susanne Trimbath, a trade- settlement expert and president of STP Advisory Services, an Omaha, Nebraska-based consulting firm.
The SEC has linked such so-called fails-to-deliver to naked short selling, a strategy that can be used to manipulate markets. A fail-to-deliver is a trade that doesnt settle within three days.
We had another word for this in Brooklyn, said Harvey Pitt, a former SEC chairman. The word was fraud.
H. David Kotz Inspector General of the Securities and Exchange Commission
OIG office of inspector general
While the commissions Enforcement Complaint Center received about 5,000 complaints about naked short-selling from January 2007 to June 2008, none led to enforcement actions, according to a report filed yesterday by David Kotz, the agencys inspector general.
Failing to deliver is like issuing new stock in a company without its permission, Trimbath said. You increase the number of shares circulating in the market, and that devalues a stock. The same thing happens to a currency when a government prints more of it.
Trimbath attributes the almost ninefold growth in the value of failed trades from 1995 to 2007 to a rise in naked short sales.
This "woman" is certifiably nuts along with the rest of these conspiratorial whackjobs. They are tinfoil hat wearing idiots who want a bunch of money for doing nothing but investing in a .0001/ share scam that a third grader could have seen through.
@bearze34 Hey Dick wad... All you have to look at is the complaint... Its real... If you could take the dick out of your ass and read it you will SEE!!!! BASHER
"The S.E.Cs 3.87 trillion dollar lawsuit" TheAlyonaShow Defendants: SEC chairs and commissioners, past and present: CHRISTOPHER COX, an individual; MARY L. SCHAPIRO, an individual; CYNTHIA A. GLASSMAN, an individual; PAUL S. ATKINS, an individual; ROEL C. CAMPOS, an individual; ANNETTE L. NAZARETH, an individual; TROY A. PAREDES, an individual; LUIS A. AGUILAR, an individual; ELISSE B. WALTER, an...
This suit alleges that the SEC commissioners have violated the Fifth Amendment Constitutional property rights of the shareholders by withholding consent to the release of such funds, for years, which amounts to a taking without due process of law.
This office represents seven of CMKXs larger shareholders who collectively hold more than 3.5 Billion shares. We have prepared a Bivens based class action lawsuit seeking release of all the funds that have been collected for the benefit of CMKX shareholders, or for damages in an amount in excess of $3,780,000,000,000
This suit alleges that the SEC commissioners have violated the Fifth Amendment Constitutional property rights of the shareholders by withholding consent to the release of such funds, for years, which amounts to a taking without due process of law.
This office represents seven of CMKXs larger shareholders who collectively hold more than 3.5 Billion shares. We have prepared a Bivens based class action lawsuit seeking release of all the funds that have been collected for the benefit of CMKX shareholders, or for damages in an amount in excess of $3,780,000,000,000.
"The S.E.Cs 3.87 trillion dollar lawsuit" TheAlyonaShow Defendants: SEC chairs and commissioners, past and present: CHRISTOPHER COX, an individual; MARY L. SCHAPIRO, an individual; CYNTHIA A. GLASSMAN, an individual; PAUL S. ATKINS, an individual; ROEL C. CAMPOS, an individual; ANNETTE L. NAZARETH, an individual; TROY A. PAREDES, an individual; LUIS A. AGUILAR, an individual; ELISSE B. WALTER, an...
bearze34 likes it in the azz
mccurdydon1 10 months ago
This has been flagged as spam show
VIDEO: Obama Discusses CMKX
<<< CLICK ClubCMKX
ClubCMKX 1 year ago
listen to recording of hodges cmkx vs SEC commissioners in court on utube here under name: CMKX in Court.wmv
extacylife 1 year ago
Naked short sellers dont borrow before trading -- a practice that becomes evident once the stock isnt delivered. Such trades can generate unlimited sell orders, overwhelming buyers and driving down prices, said Susanne Trimbath, a trade- settlement expert and president of STP Advisory Services, an Omaha, Nebraska-based consulting firm.
thislife2010 1 year ago
bloomberg: Naked Short Sales Hint Fraud in Bringing Down Lehman
By Gary Matsumoto
March 19
thislife2010 1 year ago
The SEC has linked such so-called fails-to-deliver to naked short selling, a strategy that can be used to manipulate markets. A fail-to-deliver is a trade that doesnt settle within three days.
We had another word for this in Brooklyn, said Harvey Pitt, a former SEC chairman. The word was fraud.
thislife2010 1 year ago
H. David Kotz Inspector General of the Securities and Exchange Commission
OIG office of inspector general
While the commissions Enforcement Complaint Center received about 5,000 complaints about naked short-selling from January 2007 to June 2008, none led to enforcement actions, according to a report filed yesterday by David Kotz, the agencys inspector general.
thislife2010 1 year ago
Failing to deliver is like issuing new stock in a company without its permission, Trimbath said. You increase the number of shares circulating in the market, and that devalues a stock. The same thing happens to a currency when a government prints more of it.
Trimbath attributes the almost ninefold growth in the value of failed trades from 1995 to 2007 to a rise in naked short sales.
thislife2010 1 year ago
This "woman" is certifiably nuts along with the rest of these conspiratorial whackjobs. They are tinfoil hat wearing idiots who want a bunch of money for doing nothing but investing in a .0001/ share scam that a third grader could have seen through.
bearze34 1 year ago
@bearze34 Hey Dick wad... All you have to look at is the complaint... Its real... If you could take the dick out of your ass and read it you will SEE!!!! BASHER
dzoldnuts 1 year ago
extacylife 1 year ago
"The S.E.Cs 3.87 trillion dollar lawsuit"
This suit alleges that the SEC commissioners have violated the Fifth Amendment Constitutional property rights of the shareholders by withholding consent to the release of such funds, for years, which amounts to a taking without due process of law.
extacylife 1 year ago
Update by Al Hodges
CMKX Litigation Update
This office represents seven of CMKXs larger shareholders who collectively hold more than 3.5 Billion shares. We have prepared a Bivens based class action lawsuit seeking release of all the funds that have been collected for the benefit of CMKX shareholders, or for damages in an amount in excess of $3,780,000,000,000
extacylife 1 year ago
"The S.E.Cs 3.87 trillion dollar lawsuit"
This suit alleges that the SEC commissioners have violated the Fifth Amendment Constitutional property rights of the shareholders by withholding consent to the release of such funds, for years, which amounts to a taking without due process of law.
thislife2010 1 year ago
Update by Al Hodges
CMKX Litigation Update
This office represents seven of CMKXs larger shareholders who collectively hold more than 3.5 Billion shares. We have prepared a Bivens based class action lawsuit seeking release of all the funds that have been collected for the benefit of CMKX shareholders, or for damages in an amount in excess of $3,780,000,000,000.
thislife2010 1 year ago
Attorneys for Plaintiffs ( representing cmkx shareholders): Hodges and associates:
A. CLIFTON HODGES, State Bar No. 046803
HODGES AND ASSOCIATES
4 East Holly Street, Suite 202
Pasadena, California 91103
Telephone: (626) 564-9797 Facsimile: (626) 564-9111
thislife2010 1 year ago
thislife2010 1 year ago
"The S.E.Cs 3.87 trillion dollar lawsuit"
Shareholders of cmkx, cmkm diamonds inc are suing SEC past and present Chairs and Commissioners for damages to cmkx shareholders.
thislife2010 1 year ago
go cmkx !
extacylife 1 year ago
go cmkx !
extacylife 1 year ago
i love it
ITSBIGBOY 2 years ago
guys/girls could this truely finally be over???if the world only knew right....
cmkxdiamonds1 2 years ago
@cmkxdiamonds1
go cmkx !
extacylife 1 year ago