Cancel 2016.2
The Almighty
http://finance.yahoo.com/news/SEC-p...9.html?x=0&sec=topStories&pos=4&asset=&ccode=
What a cop out...
The FACT that it is the unregulated hedge funds and the crooks at Goldman pushing against a return of the uptick rule should tell the SEC all it needs to know. This pathetic attempt at a 'middle of the road' solution should be mocked by all. The SEC needs to eliminate the ability of these idiots to trash stocks (like they did to the banks during 2008).
All short sale transactions should be reported on a delayed basis. Any naked shorts found should result in an automatic $1b fine for the firm initiating the transaction. A second offense should send the C-level execs of the firm and the entire trading department to jail for 20 years.... and no... it should not be the country club version of jail... it should be a fed penitentiary like Leavenworth.
What a cop out...
The FACT that it is the unregulated hedge funds and the crooks at Goldman pushing against a return of the uptick rule should tell the SEC all it needs to know. This pathetic attempt at a 'middle of the road' solution should be mocked by all. The SEC needs to eliminate the ability of these idiots to trash stocks (like they did to the banks during 2008).
All short sale transactions should be reported on a delayed basis. Any naked shorts found should result in an automatic $1b fine for the firm initiating the transaction. A second offense should send the C-level execs of the firm and the entire trading department to jail for 20 years.... and no... it should not be the country club version of jail... it should be a fed penitentiary like Leavenworth.
