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Why Is Charlie, the neanderthal, Gasparino reporting for Bloomberg as well? Bloomberg will never be CNBC so long as the Gas man and Cramer stay with CNBC. There are only so many windbags and blowhards to go around and CNBC takes the prize there.

In standard SEC protocol, they will watch 2bb in insider trading events happen as educational experience and after they have been educted they nail you on the 20 million you last traded. right now Stevie Cohen is running his money underground so the SEC can't find it. That shouldn't be to...

CNBC is a whoring PR firm who will promote anybody with a pay check. Take a look at the evidence against SPNG (link attached) and don't think CNBC was not notified on who they were doing business with. then again, they still pay Jim Cramer. http://investigatethesec.com/drupal-5.5/?q=node/908

yea and that bi-polar idiot in Cramer knows what? Apparently those audio tapes mean nothing. Cramer lived off this crap like all other white collar crooks. Who would expect him to come out and speak negative about a crook until the timing was right.

Next up, Stevie Cohen. SAC Capital has been trading like this for the past decade plus.

Not Spongeworthy By KAJA WHITEHOUSE Last Updated: 3:57 AM, September 17, 2009 Posted: Maybe SpongeTech should use one of its sponges on its financial books. While the company behind popular soap-filled sponges looks like it's flying high, and one of its ads at the US Open...

One2, as I stated in PM but for anyone else who is reading this: Beware of SPNG and go into any trading understanding that this is a P&D. You can play the executives pump but be cautious of their plays cause it could end at any moment. I suspect that a trading halt will more than likely...

SPNG is a pump and dump so you should play it as such. A ton of 144 stock became available for the market and RM Enterprises (SpongeTech CEO is the President of RM Enterprises) is dumping the stock on the press campaign going on. The regulators are working this and one day, at any time, it...

And when the blowup occurs, we simply create yet another need for a federal bailout.

The reality is, Madoff is just the skeleton exposed from a closet full of skeletons at the SEC and for the most part CNBC has protected each of those that committed fraud and got away with it. More importantly, Madoff exposed his awareness of the incompetence at the SEC which allowed him to...

None of these rules really matter until the SEC firms up the market making exemptions and brings into law the mandatory pre-borrow. In lesser capitalized, less liquid markets, Market Makers continue to manipulate the stocks using the exact tactic the SEC looks to restrict public investors...

NOTHING changed. Borrowing costs are charged to investors even when a trade fails.

Can you prove it using the past years trading? After all, this rule has been in place for a year now. Tell us how the US Capital markets lost competitiveness over this past year because of this rule. I just love when people inject opinion as somehow being factual when they have nothing to...

Actually, it will do nothing for the market as it only makes permanant a rule that has been in place as an interim for a year. what is quite amusing is that the "flash trading" that concerns Schumer is outside the visibility of this rule. The flash trading can use a common locate to short 10...

So let me guess. The US Government did their due diligence, found that Government Sachs did not have a vested interest , and based on their findings determined that this public lending company was not too big to fail.

Rogue trades cost oil broker $10m Traders work on the floor of the New York Mercantile Exchange Oil is the world's most heavily traded commodity A rogue trader at a London oil broker caused his employer to lose $10m (£6m) after making unauthorised trades. PVM Oil Futures said it was a...

Yea, I am the one smoking crack. I started right after starting the website investigatethesec.com back in 2003 and right after I handed Congress 10,000 signatures requesting they do so and soon. I think I was lightyears ahead of the curve on this one which may in part be part of the reason the...

Clearly as you read through this story you can understand why the SEC says they are understaffed. The SEC plays hot potato with cases which requires each new investigator to conduct a thorough review of past activity just to get up to speed on where they left off. The NY Bureau in this case...

even better job when there is no accountability and you can protect criminals on the taxpayer dime. This was a supervisor who was approached with a ponzi scheme representing a major Wall Street individual and he turned a low level attorney away from the investigation. They pay him big bucks to...

The Senior Staff Member who took the SEC attorney off the case remains at the SEC and last year received a salary of near $200,000 and received a $3,000 merit bonus...