Post by fastwalker on Nov 18, 2004 22:37:35 GMT -5
Send this to the US GOV'T to STOP Naked Shorting (Read 34 times)
SoccrT
Diamond Hunter
member is offline
Posts: 25
Send this to the US GOV'T to STOP Naked Shorting
« Thread started on: Today at 8:08pm » <br>
--------------------------------------------------------------------------------
Send this to the US GOV'T to STOP Naked Shorting www.antandsons.com/therealdeal/
To help bring attention to this travesty, please take the time to send this e-mail to your elected officials so that something can be done to bring a stop to this horrible practice.
Dear Congressman or Senator __________,
Today's world presents the United States with many challenges that are important. Yet, there is one major issue that is not getting any attention that needs to be addressed. This crucial problem is the horrible practice and financially devastating effects of naked shorting in the financial marketplace. In general, naked shorting is defined as selling a security short without borrowing the necessary securities to make a delivery, thus resulting in a failure to deliver the securities to the rightful owner. The main goal of naked short selling is to engage in harmfully affecting the stock price of a company in order to manipulate and create downward pressure on the security. This ultimately affects a corporation’s ability to raise money by selling stock to the public because its stock price becomes too depreciated. Ant & Sons, an investment research company, has written an article that many of our nation’s elected should read about this harmful and serious practice that has caused billions of dollars in damage. The article titled “Travesty of our Time: Naked Short Selling and the Need for Market Regulation” can be viewed at www.antandsons.com/therealdeal/.
Due to the inadequate action of the Securities and Exchange Commission and not too strenuous regulation of the financial markets, this practice has been allowed to continue. However, someone needs to take a stand so that new corporations and investors are not being hurt every day. As an elected official, I hope you can bring this issue to light.
Sincerely,
SoccrT
Diamond Hunter
member is offline
Posts: 25
Send this to the US GOV'T to STOP Naked Shorting
« Thread started on: Today at 8:08pm » <br>
--------------------------------------------------------------------------------
Send this to the US GOV'T to STOP Naked Shorting www.antandsons.com/therealdeal/
To help bring attention to this travesty, please take the time to send this e-mail to your elected officials so that something can be done to bring a stop to this horrible practice.
Dear Congressman or Senator __________,
Today's world presents the United States with many challenges that are important. Yet, there is one major issue that is not getting any attention that needs to be addressed. This crucial problem is the horrible practice and financially devastating effects of naked shorting in the financial marketplace. In general, naked shorting is defined as selling a security short without borrowing the necessary securities to make a delivery, thus resulting in a failure to deliver the securities to the rightful owner. The main goal of naked short selling is to engage in harmfully affecting the stock price of a company in order to manipulate and create downward pressure on the security. This ultimately affects a corporation’s ability to raise money by selling stock to the public because its stock price becomes too depreciated. Ant & Sons, an investment research company, has written an article that many of our nation’s elected should read about this harmful and serious practice that has caused billions of dollars in damage. The article titled “Travesty of our Time: Naked Short Selling and the Need for Market Regulation” can be viewed at www.antandsons.com/therealdeal/.
Due to the inadequate action of the Securities and Exchange Commission and not too strenuous regulation of the financial markets, this practice has been allowed to continue. However, someone needs to take a stand so that new corporations and investors are not being hurt every day. As an elected official, I hope you can bring this issue to light.
Sincerely,
