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CFRN
INVESTIGATES |
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Justice for All?.
Global Financial Crisis
Naked short selling consists of
persons selling (or colluding with others to
sell) massive quantities of stock they neither
own nor have arranged to borrow. They do so with
the intent to manipulate downward the stock
price of targeted companies in order to profit
by a repurchase of the stock following the
downturn, making tens (or hundreds) of millions
of dollars engaging in this illegal conduct.
Abusive short-sellers frequently never deliver
the stocks they are selling, but rather postpone
trade closures indefinitely.
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Continued abusive short-selling
practices pose strong potential for a
systemic Wall Street meltdown that will
undermine our capital system and our
economic strength. |
The prosecution of Enron executives will
begin in January 2006.
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On the heels of this tragedy, we are
convinced that Main Street shareholders,
through their retirement and other
accounts, again may be at risk because
of the manipulation of the markets.
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This conduct is a serious disease in
our capital markets
and calls for immediate corrective
action.
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GLOBAL MARKETS |
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World
Markets snapshot courtesy of the BBC.


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January 27, 2006
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December 20, 2005
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January 03, 2006
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