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Mark: Long gooood, Short baaaad. :-)
Regards, Jack.
----- Original Message -----
From: "Mark Simms" <marksimms@xxxxxxxxxxx>
To: "'Omega List'" <omega-list@xxxxxxxxxx>
Sent: Wednesday, February 22, 2006 6:59 AM
Subject: RE: TradeStation
> What about penalties for abusive long-buying ?
> Examples: GOOG, AAPL.
>
> Those long traders must be penalized.
>
> What a joke both the NASD and SEC have become.
> Typical of government agencies gone bureaucratic with no common sense or
> fundamental knowledge of economics.
>
> > -----Original Message-----
> > From: jack zaner [mailto:jz@xxxxxxxxx]
> > Sent: Tuesday, February 21, 2006 2:30 PM
> > To: Omega List
> > Subject: TradeStation
> >
> > FYI- - courtesy John Lothian's Newsletter:
> >
> > TradeStation Caught Up in Shorting Probe
> >
> > The NASD alleges up to 200 violations by its customers.
> >
> > Securities regulators are moving to crack down on an online
> > brokerage for allegedly permitting a controversial Wall
> > Street trading practice called
> > "naked shorting.'' Online brokerage TradeStation (TRAD:Nasdaq -
> > commentary - research - Cramer's Take) recently disclosed
> > that regulators at the NASD have notified the firm that some
> > of its customers may have engaged in improper short sales.
> > The Florida-based brokerage said in a filing that regulators
> > could fine the firm for nearly 200 infractions that took
> > place in 2004. An official with TradeStation, a brokerage
> > geared to daytraders, declined to comment. A NASD spokesman
> > also declined to comment. Last year, the NASD and other
> > securities regulators announced they were conducting a broad
> > inquiry into allegations of improper shorting on Wall Street.
> > The regulators are specifically trying to determine whether
> > brokerages are complying with a new series of regulations
> > designed to prevent abusive short-selling, such as naked shorting.
> >
> > http://www.thestreet.com/_tscrss/stocks/brokerages/10269303.html
> >
> > Regards, Jack.
> >
> >
> >
>
>
>
>
>
> --
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>
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