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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News & Politics

Tags:

• SEC
• christopher
• cox
• short
• selling
• reg.
• sho
• patrick
• byrne
• securities
• fraud
• phantom
• shares
• counterfeit
• deep
• capture

[caferrell]

Does anyone know when this was filmed?

[33zulu]

@caferrell

From a SEC meeting on March 4, 2008.

[DABIGRAGU1]

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]

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.

[extacylife]

Its the largest fraud case in world history. Between June of 2004 and October of 2005, over 2 trillion dollars w... — Its the largest fraud case in world history. Between June of 2004 and October of 2005, over 2 trillion dollars worth of fake CMKM Diamonds Inc. shares were sold to the public. The companys shareholders are now suing the S.E.C Commissioners for 3.87 trillion dollars. Tim Barello from the Manhattan Headlines Examiner joins Alyona from New York to tell you more.

[extacylife]

Wall street's Naked short Swindle, $3.87 trillion dollar lawsuit. - Find it here on utube. LAWSUIT AGAINST SEC COMMISSIONERS BY CMKM DIAMONDS INC SHAREHOLDERS, SYMBOL CMKX. MR COX IS ONE OF THE PLAINTIFFS.

[Moviemakr]

Definitely see the movie "Stock Shock" about hedge funds and short selling the market and the effect it had on Sirius XM stock in particular--short sellers ran it down to 5 cents a share at one point. On DVD only, of course--pretty much everywhere but cheaper at the Stock Shock movie site

[Fonzie90]

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

[DABIGRAGU1]

Agreed.

[Einstiensblackid]

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]

Einstiensblackid, Yes sir/ma'am I do support the uptick rule.

No buyers no sellers.  And you?