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Post by johnjrambothe2nd on Sept 30, 2009 15:08:50 GMT -5
Schapiro to explore limits on 'naked' short selling Explore related topics Banks Story Comments Screener (45) Alert Email Print Share
By Ronald D. Orol, Markethingych
WASHINGTON (Markethingych) -- The Securities and Exchange Commission is exploring stringent action against naked short selling, considered by some politicians and academics to be a key contributor to the financial crisis, Chairwoman Mary Schapiro said Wednesday.
"The commission is concerned about abusive 'naked' short selling and persistent fails to deliver and the potentially manipulative effect this activity can have on our markets," Schapiro said at an SEC roundtable. "Thus, we are examining whether a pre-borrow or 'hard locate' requirement or another alternative is necessary or would be effective in addressing such activity and preventing market manipulation."
Schapiro said the first panel at the agency roundtable will discuss a proposal from members of Congress for an SEC study of whether a pre-borrow requirement would end naked short selling. With such a requirement, an institution would be required to arrange formally to borrow shares, or "pre-borrow" before a short sale. Industry officials also call such a requirement a "hard-locate."
Sens. Ted Kaufman, D-Del., and Johnny Isakson, R-Ga., two of the lawmakers seeking such a pilot program, said Tuesday in a statement that they were skeptical about whether the SEC would take serious steps toward limiting naked short-selling. They said part of their concern was that they believed the panel the agency put together to discuss the issue was "stacked against the need for restrictions on naked short selling."
"In the recent financial decline, there was abusive short selling enabled by the repeal of the 70-year-old uptick rule and a lack of so-called pre-borrow or hard locate requirements," Kaufman and Isakson said.
The agency invited officials from Goldman Sachs, Securities Traders Association, Nasdaq OMX Group, the Depository Trust & Clearing Corp., State Street Corp. AQR Capital Management, International Bancshares Corp., Direct Edge and Quadriserv Inc. to discuss the issue.
www.markethingych.com/story/schapiro-to-explore-limit-on-naked-short-selling-2009-09-30
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Post by hundredtoone on Sept 30, 2009 19:51:24 GMT -5
By: aladin99 30 Sep 2009, 08:43 PM EDT Rating: post rating 0 Msg. 873826 of 873828 Jump to msg. # NOTE: As of October 1, 2009, Pacific Stock Transfer Company will no longer be the transfer agent for CMKM Diamonds, Inc. The Company is currently interviewing other firms and will make its best efforts to select a new one within the next 90 days. Please be advised that any transfers of CMKM stock certificates are on hold until a new transfer agent has been selected. The Company will post more information as soon as a new transfer agent is under contract. www.cmkmdiamondsinc.com/index.htmlragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=873826...Flying Moose(cmkxunofficial)
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Post by soonerlew on Sept 30, 2009 20:18:29 GMT -5
Thanks bikinipro..... By: snifferpup victorious.................................. Dreamweaver is mostly in the Grapevine................mostly in lurk mode................Very rarely talks but when she does, everyone listens.................................................Dreamweaver and her husband live across the Delaware river from me although I have never meet her or her husband..........................Awhile back someone brought up what she brought to pal-talk prior... Well as with the message, it spread all over again to all the boards and with that, the message started to get changed and diminished................................She came into the room and posted exactly what went on with her and her husband last year................................................Here it is again and if I might add, I fully trust her and her husband 100%~ dreamweaver April 5th 2009 Hi Everyone, I rarely post as there are excellent communicators in these rooms that express my thoughts in better ways than I ever could. (ex. bholl) I want to remind you of something that my husband and I know from a FIRST HAND source. The reason that this information is so great is that this man is not our friend, not on the boards or in the chat rooms, and does not own one share of CMKX stock and brought the information up with specific knowledge and names without my husband saying them. He was a patient of my husbands who got in a conversation with him. During the conversation he shared that he was a long time colleague and friend of Mr. Maheu's who was there in the room when the last of the monies were collected and safeguarded for us. Mr. Maheu and team have been working very hard for us. Mr. Maheu was a true patriot through and through and made sure that the last of the monies were collected before he passed. And he protected them. First hand info. does not get any better than this. We do not know when or how much but rest assured there are monies for us and they have been safeguarded. Iwill not respond to any comments as we have no further information to tell beyond this and it is very important for us to protect this man's privacy. But know he is the real deal. Hang in there!!!!!!!!! Please don't get discouraged we are in good hands and the monies are REAL. Much Blessings to you all!! « Last Edit: Yesterday at 6:03pm by snifferpup » millionaires.proboards.com/index.cgi?board=main&action=display&thread=27423
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Post by soonerlew on Sept 30, 2009 20:20:07 GMT -5
bikinipro Mini Mod Gossip Column Queen Re: weekly buzz 9/28 « Reply #13 Today at 5:19am » -------------------------------------------------------------------------------- Ty seagull! By: PJ Richy Approved Update... (8:57 PM) richy_63: i was told its over and they could not escape (9:06 PM) richy_63: it should be a very interesting week 9:30 PM 09/29/09: Richy said that apparently the bad guys have been shown that they "Are" the bad guys. It was a long task to convince them of what they had done, especially the higher up groups. The paper trail led back to them and they just didn't want to believe it. They are in big trouble and they now believe it. This has been going on for a while now and their contact believes that we will hear something by the end of this week. This is strictly for NSS and there are no more negotiations and it is all over. There are 3 wealthy hedge funds involved that couldn't be allowed to fail. They have failed and they will pay but they were let go to keep the world turning. Their mentality is that they don't believe that we deserve anything. Richy was told today that it will be nice to go into the markets in the near future. Remember this, the big money people never thought this would happen and also that this is very huge. I've said too much already and I can't say anymore. The Toronto contact is going by what he is being told but he is holding back some information. An awful lot was done for us over this past weekend. He is very happy for us. Richy was told that the cost of getting in touch with us is of no importance. noahltl1.proboards.com/index.cgi?....849&page=1#5554---------------- (1:53 AM) geezer_49: mccurdydon1: Allan called me singing tonight he is excited millionaires.proboards.com/index.....ay&thread=27423
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Post by soonerlew on Sept 30, 2009 20:22:29 GMT -5
john3339 DIAMOND MINER Re: weekly buzz chat 9/28 « Reply #43 Today at 12:17pm » -------------------------------------------------------------------------------- Today at 11:38am, atb wrote: If the judgement in the civil case is a done deal for some, and the complaints are combined, then payment might be "enforced" with the real threat and possibility of jail time...it would seem to have the makings for a "natural" plea bargain. imo john millionaires.proboards.com/index.cgi?board=main&action=display&thread=27422&page=3
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Post by sweettime on Sept 30, 2009 20:25:35 GMT -5
www.cmkmdiamondsinc.comNOTE: As of October 1, 2009, Pacific Stock Transfer Company will no longer be the transfer agent for CMKM Diamonds, Inc. The Company is currently interviewing other firms and will make its best efforts to select a new one within the next 90 days. Please be advised that any transfers of CMKM stock certificates are on hold until a new transfer agent has been selected. The Company will post more information as soon as a new transfer agent is under contract.
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Post by soonerlew on Sept 30, 2009 20:27:57 GMT -5
twinnster DIAMOND MINER Re: weekly buzz chat 9/28 « Reply #53 Today at 4:21pm » -------------------------------------------------------------------------------- from Insiderisback: As I stated in my very first post I would be accused of being a basher. All of my posts with regards to the sting against Urban, Edwards, Bagley and others have been deleted. Here is the reason why. People on this board and others came here and filed tos' complaints against me. The reason is Urban is trying to cover himself as the arrest is imminent. This sting has been going on since 2003 against these people and innocent people were used. They used the greed of Urban, Edwards, Bagley and others to lure uneducated individuals to believe in nothing. The system set this up over 6 years ago to catch these people and it worked. But now it has backfired. This took on a life of its own. The system is responsible for restitution. They used the innocent to catch the crooks. Shareholders are not entitled to 100 times their investment. They are not even entitled to 10 times their investment but when the dust settles the innocent shall be made whole and than some. Yes this was a sting. Now restitution is in place. ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=873720 « Last Edit: Today at 4:21pm by twinnster » Link to Post - cmkxdiamonds DIAMOND JEDI WARLORD Re: weekly buzz chat 9/28 « Reply #54 Today at 4:59pm » -------------------------------------------------------------------------------- tell that clown he sure as hell aint conditioning me to accept little money..."Shareholders are not entitled to 100 times their investment. They are not even entitled to 10 times their investment but when the dust settles the innocent shall be made whole and than some" we are intitled to what maheu made the deal for millionaires.proboards.com/index.cgi?board=main&action=display&thread=27422&page=3
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Post by imSINGLEruRICH on Sept 30, 2009 21:00:41 GMT -5
By: aladin99 30 Sep 2009, 08:43 PM EDT Rating: post rating 0 Msg. 873826 of 873828 Jump to msg. # NOTE: As of October 1, 2009, Pacific Stock Transfer Company will no longer be the transfer agent for CMKM Diamonds, Inc. The Company is currently interviewing other firms and will make its best efforts to select a new one within the next 90 days. Please be advised that any transfers of CMKM stock certificates are on hold until a new transfer agent has been selected. The Company will post more information as soon as a new transfer agent is under contract. www.cmkmdiamondsinc.com/index.htmlragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=873826...Flying Moose(cmkxunofficial) Oh Great.... come back in 2010...... Tyler Clan are still dragging their feet. Kinda figured that they would have all their ducks in a row, as they announced the "Newco" months ago. Guess I was wrong ..Huh?? It's all about "Transparency"..... evidently The Tyler Crew have no understanding of the word, nor do they seem interested in picking up Merriam-Webster. Year after year..... Enough already. Single
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Post by snifferpup on Oct 1, 2009 11:01:05 GMT -5
flugelbinder: IMO with 90 days everything is over and done ! gr8hiker: The RA hasn't process requests for transfers or address changes for the past month > This isn't realtime > IMO , a new TA is probable in place > The freeze on transactions is a good sign IMO
flugelbinder: i agree Hiker 100% the freeze on transactions is a good sign IMO ! Very good imo
flugelbinder: the old man said a year ago, everything is done end 2009
flugelbinder: wodan called me today he said, that old forker gonna be right,lol
JoeBud: wodan's saying next year now. Different old man
flugelbinder: yes Joe
flugelbinder: but for shoregold
flugelbinder: but wodan saw the TA news
flugelbinder: and changed his mind
flugelbinder: you know him
JoeBud: oh...thought he was basing his info on the old man
flugelbinder: but he changed his mind with the shoregold thing/ permits
JoeBud: Said it was cmkx
flugelbinder: yes
flugelbinder: correct
JoeBud: ok
troutback: Not sure we have to wait 90 days to get paid. My guess is that Naked short pmt comes first anytime now
flugelbinder: but wodan had contact with a guy from Luxembourg and he said cmkx is shorgold (part) and he said they are waiting for mining permits and they get them 1st quarter 2010, that's why wodan changed his thinking
flugelbinder: but now he sees the TA news, and that's in our opinion very good news
sarge_66: ty flugel for your update on what some in Belgium hearing.
flugelbinder: better take the mic cause it's hard to explain in written
flugelbinder: lol
saltydog19: several claims that shore gold had let lapse---surrounding the joint venture kensington/newmont are now NEW PENDING CLAIMS bordr to border
pardonmi: shore let the claims lapse and salty thinks we picked them back up . flugelbinder: the guy said you own cmkx !!!!!!!!
flugelbinder: he said that's shoregold
flugelbinder: lol flugelbinder: he do busness in saskatchewan with rough gold
flugelbinder: he asked us how come you got so many shares, lolol
flugelbinder: but that guy don't know anythingabout NSS
sarge_66: Reminds me of Little Bo Peep... leave them alone and they'll come home...
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Post by sweettime on Oct 1, 2009 11:40:07 GMT -5
INES1OO: well i am going to put this out. INES1OO: a shareholder.. that had a broker with pershing connection INES1OO: called me INES1OO: that broker has not commented on cmkx for a long time INES1OO: but suddenly called the shareholders cousin.. who is also a cmkx shareholder and has account with the broker. INES1OO: so the broker just called .. after a long time.. and said that he had conversation with pershing person.. in re cmkx
INES1OO: so the pershing guy is saying that.. they had a gag order for a long time.. due to the legal procedures.. sec and doj stuff. INES1OO: pershing guy is saying that we will be paid.. ( no idea what, was not said) but after all this is done.. we will be paid.
INES1OO: also the way it sounded to me.. all this legal stuff is preety much done.. and he said also that.. sec and doj dont want any trials. etc.. INES1OO: well imo.. its geering toward the end.. INES1OO: but still imo.. i think we will hear of any money or damages next year.
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Post by squeezebox on Oct 1, 2009 12:54:03 GMT -5
FYI
I met a guy yesterday to look at doing some remodel work on his house. He was a huge hunter will stuffed animals all over the place. We got to talking about his hunting and he said he does alot of it in Saskatchewan (sp). I asked him if he ever sees any minning equipment around in his travels. He told me he has been going up there for years and over the last several he has seen a huge increase in mininng and drilling equipment up there, he said it's all over the place. He had no idea about who was doing it but said there has definately been an increase in say the last 5 years. just thought I'd post what i heard about the area.
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Post by eastcoastswing on Oct 1, 2009 13:05:05 GMT -5
I cannot believe that we will not hear until next year..that is just too slow for all we have been through!
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Post by hundredtoone on Oct 1, 2009 13:14:47 GMT -5
Eastcoast don't worry the BELGIANS have NEVER BEEN RIGHT along with INES...so if they say NEXT YEAR it COULD be TOMORROW IMO...I think the 90 day halt in CERT transfers might be for a GOOD REASON...so the ABC's can send out a DISPERSION or PACKET to all addresses of record without it CHANGING on them IMO...makes sense to me that we MIGHT get paid within the 90 days then a NEW TA could be assigned for the R/M into Trilliant or some other NEWCORP...the LAST ones I listen to are GURUS that are trying to position themselves to look like they knew what they were talking about after we get paid...we all know the GURUS have never been RIGHT...SO FAR...they NEED to be right at least ONCE...IMO...Flying Moose(cmkxunofficial)
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Post by enoughalready on Oct 1, 2009 14:20:04 GMT -5
So does anyone know if this was the news we were waiting for this week? I hope not.. ================================================================= NOTE: As of October 1, 2009, Pacific Stock Transfer Company will no longer be the transfer agent for CMKM Diamonds, Inc. The Company is currently interviewing other firms and will make its best efforts to select a new one within the next 90 days. Please be advised that any transfers of CMKM stock certificates are on hold until a new transfer agent has been selected. The Company will post more information as soon as a new transfer agent is under contract. www.cmkmdiamondsinc.com/index.html
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Post by str8biodiesel on Oct 1, 2009 14:34:50 GMT -5
Well Mr.Flying Moose I must say I do like your views and 99% of the time I agree with you. So if you even need someone to stand in front of you when it comes time to go to battle I would be honored to be in front of you to take the first hit. Cheers to you Sir. Go CMKX!!
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