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Old October 14th, 2011, 09:26 PM
AR AR is offline
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Join Date: Sep 2005
Posts: 2,597

Originally Posted by 7x57 View Post
Additional suggestions off the top of my head...

Make it a felony to accept appointment or employment with a registered financial institution for a member of the SEC's investigation arm or administration for a period of 4 years after one's termination of employment with the SEC.

Eliminate both the Market Maker and Option's Market Maker and instead implement a computerized system that efficiently mates a buyer with a seller on all exchanges.

Eliminate "locate" and substitute "borrow" from Reg SHO when shorting any security. Enforce the Securities and Exchange Act of 1934 for all traders. Enforce the laws regarding illegal naked short selling.

Hold any "pool" of money to the transparency standards of investment firms.

Make the fine for illegal trading three times that of the markets harm. Claw back from investors who have profited from these hedgefunds who close their doors as an endgame to their illegal trading.
As we used to say in Jersey, "Bada---BING." I've never understood how naked short selling could be classified as anything but creating a market out of thin air. It contributes nothing to the commonweal, and is an ethical sewer. Too many foxes guarding the henhouse.
The most dangerous man in society is the man who has nothing left to lose. -- Saul Bellow
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