http://www.elitetrader.com/vb/showthread.php?threadid=95727
The link above revels a serious threat threat to all individual traders.
The SEC has removed the UpTick Rule. now short traders can ruin all of us - at willShort selling is illegal in every other venue but the stock market.
If you sold any other item you did not own, you would be liable for prosecution - Why Not Short Selling?
Someone can borrow my stock from a broker - sell it - Drive the price down, and leave me me with a reduced equity value.
The worn-out claim, "It adds liquidity to the market is Nonsense. It should be classified by the SEC as illegal.
Write to the SEC and voice your disdain!
The SEC and Federal Reserve shuld close down "DERIVATIVES" which is a fancy word for duplicating a Letter of Credit and placing it with multiple lenders - multiple copies of one letter of credits supported by a single collateral! Is it any wonder the sub-prime lenders are in trouble.
Write, call , contact your Congress Reopresentatives , The SEC, and the Federal Reserve. Thanks
The link above revels a serious threat threat to all individual traders.
The SEC has removed the UpTick Rule. now short traders can ruin all of us - at willShort selling is illegal in every other venue but the stock market.
If you sold any other item you did not own, you would be liable for prosecution - Why Not Short Selling?
Someone can borrow my stock from a broker - sell it - Drive the price down, and leave me me with a reduced equity value.
The worn-out claim, "It adds liquidity to the market is Nonsense. It should be classified by the SEC as illegal.
Write to the SEC and voice your disdain!
The SEC and Federal Reserve shuld close down "DERIVATIVES" which is a fancy word for duplicating a Letter of Credit and placing it with multiple lenders - multiple copies of one letter of credits supported by a single collateral! Is it any wonder the sub-prime lenders are in trouble.
Write, call , contact your Congress Reopresentatives , The SEC, and the Federal Reserve. Thanks
