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Cox on naked short selling

SEC Chairman Christopher Cox's opening remarks on the SEC's naked short selling anti-fraud rule. FFI see: deepcapture.com  
 
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Fonzie90 (7 months ago) Show Hide
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Who was the stoopid fuck in Dec 2007 that changed this uptick rule ?
It was removed at a time when  the market was stumbling .. august 07 ...
this was another planned setup
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DABIGRAGU1 (1 year ago) Show Hide
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Oh right, NOW he wants it to stop?
This was put into place after the Depression to insure the market would never see another crash.
Cox is to blame for letting this happen, he was caught not enforcing the law.
Jail him.
pgtv69 (1 year ago) Show Hide
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I agree 100% Cox is supporting the abusive short selling. the uptick rule was to insure 1buyer for every 1 seller thats investing. but now there needs to be no buyers just back to back shorting. when one short seller takes profit then another short seller takes the baton. they believe that someone is buying when a short order is placed. but its not true its just another short seller covering to take profit.
the SEC is a corrupt organization that all should be behind bars.
Einstiensblackid (8 months ago) Show Hide
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So was Glass-Steagall, but I don't see anyone complaining about those laws being absent from the market for the past 10 years.

BTW do you support a down tick rule for longs?
DABIGRAGU1 (8 months ago) Show Hide
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Einstiensblackid, Yes sir/ma'am I do support the uptick rule.
No buyers no sellers. And you?
Einstiensblackid (8 months ago) Show Hide
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I was asking about the DOWN tick rule.

And no I don't support the uptick rule unless there is a downtick rule also inplace to prevent a one sided game that ends in a burst bubble... seeing as how the uptick doesnt slow selling, just short selling.
DABIGRAGU1 (7 months ago) Show Hide
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Agreed.
garyowen4ever (1 year ago) Show Hide
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COX IS JUST ANOTHER BRIANDEAD BUSH BOZO,,,just look at him....half asleep half wit trying to reign in the WORLDS GREASIEST SLICKMEISTERS......when you dont want an agency to function properly you hire a fool.
tk421missing (1 year ago) Show Hide
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Naked Short selling burns my a*s! I am so angry that brokerage house/hedge fund thieves continue to steal from the public and they only get a slap on the wrist if caught. How many lives have those thieves ruined?

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