The company I represent believes it has been manipulated by naked short
selling of its stock. This activity has subsequently made it difficult
to acquire appropriate and safe operating capital, as well as damaging
future business developments. We expect equal protection under existing laws
to prevent fraud by broker/dealers and marketmakers.
In signing this petition, this company requests there be an independent
Congressional investigation of the Securities and Exchange Commission
regarding the manipulative and abusive trading practice of naked short
selling. We request that this investigation seek answers as to why this
practice has been allowed to continue for over a decade.
Since the mid 1990's, the SEC has been aware of naked short selling and
failed to adequately respond to investor and company complaints alike.
In recent years the FBI, SEC, and Royal Canadian Mounted Police have
conducted investigations into naked short selling and followed these sales
through money laundering schemes used by criminal elements. Those elements
jeopardize our Homeland Security. Unbelievably, the practice of naked
short selling still continues to this day regardless of where the profits are
going.
If the SEC has failed to take adequate counter measures to stop this
illegal trading practice, we not only need to know about it, but we
request an accounting of their actions.
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