April 6, 2010
Subject: Buyback shares program is another Ponzi Scam on Wall Street
SEC:
Another rule prohibiting a corp from defending itself.
What rules are there to stop manipulative short sales?
What prevents the SEC from requiring streaming data on the short sales sorted from the actual sales?
The investor has ZERO protection from short sales.
Without the uptick and with the super computer programed short sales and covering ALL the stock appreciation is transferred into hedge funds accounts in the lame and out of date LIQUIDITY EXCUSE.
Consider how the top 4 hedge funds CEO got a combined compensation of
$1 billion last year.
I would like some comments on this.
Ed