CNBC Video... 12/11/2008
Cramer's Market Strategy
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"How I learned to love Chairman Cox & the SEC...
Even though THEY KNOW NOTHING...!!"
Showing posts with label CMKX CMKM CMKI SEC COX ZERO TOLERANCE CRAMER NAKED SHORTING NAZARETH PAULSON BERNANKE TYLER FAULK WEST. Show all posts
Showing posts with label CMKX CMKM CMKI SEC COX ZERO TOLERANCE CRAMER NAKED SHORTING NAZARETH PAULSON BERNANKE TYLER FAULK WEST. Show all posts
Thursday, December 11, 2008
Tuesday, October 7, 2008
CMKX - Who Is Protecting Investors FROM The SEC...??
Impartiality of S.E.C. Is Questioned
(Complete Article)
The New York Times...
By WALT BOGDANICH
Published: October 6, 2008
A federal inquiry has concluded that the Securities and Exchange Commission should consider disciplining its director of enforcement and two supervisors for their role in handling an insider trading investigation that led to the firing of an S.E.C. lawyer for trying to interview an influential Wall Street executive.
Public Comments For Chairman Cox
(Complete Comment)
Chairman Christopher Cox May 19, 2008 Securities & Exchange Commission Washington, DC
There is no discipline with naked shorting and repeat offenders have no fear of the SEC because the chances of a violator being caught and disciplined is negligible. Most of the repeat offenders take the same cavalier attitude as that of a serial killer. Once you have killed, the penalty is no greater for repeat killings. So illegal manipulation of stocks continues daily by repeat offenders with impunity.
Case in point: CMKM Diamonds (a/k/a Casavant Mining, now revoked former stock symbol: CMKX). The SEC has had an ongoing investigation for over 5 years titled:
In the Matter of CMKM Diamonds, Inc., LA-3028. This case goes back to 2002 and involves approximately $100 million in theft of investor funds with nearly ONE TRILLION Shares of stock, a majority of which were illegally issued without pre-requisite restrictions, legal opinions; or legal opinions issued from deceased attorneys and/or were naked shorted in the market with counterfeit shares.
It was not until April 7, 2008 that the SEC has finally taken action in US Dist. Court, Las Vegas, NV regarding this egregious fraud upon the investing public. Most of the stolen funds are gone, leaving investors pennies on the dollar if anything.
The “mastermind” (SEC words not mine) in this fraud, John Edwards was also the “mastermind” of illegally issued shares in BioTech Medics (and dozens more pennystocks). Edwards had numerous accomplices who have yet to be cited by the SEC. The fraud in our case stems back to 2002 and involves scores of millions of dollars in fraud and over 50 million shares that we have been able to verify in an audit of our shareholders.
However, FINRA over a year ago in the CMKX matter sanctioned NevWest Securities Corp (CRD # 46464) of Las Vegas and Sergey Rumyantsev and Anthony Santos $100,000 and K Houser REG SHO- 10B-21 Proposal Comments Page # 1
$75,000 each respectively, for laundering over $58 million of John Edwards and over 20 of his sham shell trusts and companies that were used to perpetrate the alleged fraud and benefit from the naked shorting. NevWest reportedly received over $2.4 million in commissions.
So the alleged manipulators got away with $58 million and the sanctioned stock broker facilitators were slapped on the wrist and got away with nearly $2 million in profits.
Where is the justice in this “discipline”???
Editor's Note - PLEASE Take A Moment To Contact The SEC And Voice Your Complaints Concerning Their Handling Of The Massive Fraud Involving CMKX And Other Companies.
coxc@sec.gov,
chairmanoffice@sec.gov,
tradingandmarkets@sec.gov,
oig@sec.gov,
newyork@sec.gov,
losangeles@sec.gov,
enforcement@sec.gov,
oiea@sec.gov,
publicinfo@sec.gov,
help@sec.gov,
mccoyj@sec.gov,
whitem@sec.gov,
hakalal@sec.gov,
tysonr@sec.gov,
thomsenl@sec.gov,
cmkmdiamonds@sec.gov
(Complete Article)
The New York Times...
By WALT BOGDANICH
Published: October 6, 2008
A federal inquiry has concluded that the Securities and Exchange Commission should consider disciplining its director of enforcement and two supervisors for their role in handling an insider trading investigation that led to the firing of an S.E.C. lawyer for trying to interview an influential Wall Street executive.
Public Comments For Chairman Cox
(Complete Comment)
Chairman Christopher Cox May 19, 2008 Securities & Exchange Commission Washington, DC
There is no discipline with naked shorting and repeat offenders have no fear of the SEC because the chances of a violator being caught and disciplined is negligible. Most of the repeat offenders take the same cavalier attitude as that of a serial killer. Once you have killed, the penalty is no greater for repeat killings. So illegal manipulation of stocks continues daily by repeat offenders with impunity.
Case in point: CMKM Diamonds (a/k/a Casavant Mining, now revoked former stock symbol: CMKX). The SEC has had an ongoing investigation for over 5 years titled:
In the Matter of CMKM Diamonds, Inc., LA-3028. This case goes back to 2002 and involves approximately $100 million in theft of investor funds with nearly ONE TRILLION Shares of stock, a majority of which were illegally issued without pre-requisite restrictions, legal opinions; or legal opinions issued from deceased attorneys and/or were naked shorted in the market with counterfeit shares.
It was not until April 7, 2008 that the SEC has finally taken action in US Dist. Court, Las Vegas, NV regarding this egregious fraud upon the investing public. Most of the stolen funds are gone, leaving investors pennies on the dollar if anything.
The “mastermind” (SEC words not mine) in this fraud, John Edwards was also the “mastermind” of illegally issued shares in BioTech Medics (and dozens more pennystocks). Edwards had numerous accomplices who have yet to be cited by the SEC. The fraud in our case stems back to 2002 and involves scores of millions of dollars in fraud and over 50 million shares that we have been able to verify in an audit of our shareholders.
However, FINRA over a year ago in the CMKX matter sanctioned NevWest Securities Corp (CRD # 46464) of Las Vegas and Sergey Rumyantsev and Anthony Santos $100,000 and K Houser REG SHO- 10B-21 Proposal Comments Page # 1
$75,000 each respectively, for laundering over $58 million of John Edwards and over 20 of his sham shell trusts and companies that were used to perpetrate the alleged fraud and benefit from the naked shorting. NevWest reportedly received over $2.4 million in commissions.
So the alleged manipulators got away with $58 million and the sanctioned stock broker facilitators were slapped on the wrist and got away with nearly $2 million in profits.
Where is the justice in this “discipline”???
Editor's Note - PLEASE Take A Moment To Contact The SEC And Voice Your Complaints Concerning Their Handling Of The Massive Fraud Involving CMKX And Other Companies.
coxc@sec.gov,
chairmanoffice@sec.gov,
tradingandmarkets@sec.gov,
oig@sec.gov,
newyork@sec.gov,
losangeles@sec.gov,
enforcement@sec.gov,
oiea@sec.gov,
publicinfo@sec.gov,
help@sec.gov,
mccoyj@sec.gov,
whitem@sec.gov,
hakalal@sec.gov,
tysonr@sec.gov,
thomsenl@sec.gov,
cmkmdiamonds@sec.gov
Friday, September 19, 2008
CMKX - This Just In... All Is Well...
What, Me Worry...??
Bloomberg.com
Breaking News
•Stocks Jump in U.S., Worldwide on Bank-Bailout Measures, Short-Sale Curbs
•Paulson, Bernanke Seek to Rid Firms of Toxic Assets, Expanding U.S. Powers
•Money-Market Mutual Funds Will Be Insured by U.S. in $50 Billion Backstop
•Morgan Stanley Said to Pursue Merger Talks After U.S. Rescue, Stock Rally
•Dollar Rises Most Since April Against Yen on U.S. Steps to Underpin Banks
•Fed Historian Meltzer Calls Paulson Plan `Social Democracy at Its Worst'
•Short Sellers Come Under Fire in U.S., U.K. After Collapse of Lehman, AIG
•Bush Says Rescue Plan Will Ease Pressure on Banks, More Action Is Needed
•Frank Accuses McCain of Using SEC's Cox as `Scapegoat' for Market Turmoil
Editor's Note - This Is All Very Exciting...
What Was The Question...??
Oh Yeah, Where's Our MONEY...??
PLEASE Just Pay Us NOW...!!
Bloomberg.com
Breaking News
•Stocks Jump in U.S., Worldwide on Bank-Bailout Measures, Short-Sale Curbs
•Paulson, Bernanke Seek to Rid Firms of Toxic Assets, Expanding U.S. Powers
•Money-Market Mutual Funds Will Be Insured by U.S. in $50 Billion Backstop
•Morgan Stanley Said to Pursue Merger Talks After U.S. Rescue, Stock Rally
•Dollar Rises Most Since April Against Yen on U.S. Steps to Underpin Banks
•Fed Historian Meltzer Calls Paulson Plan `Social Democracy at Its Worst'
•Short Sellers Come Under Fire in U.S., U.K. After Collapse of Lehman, AIG
•Bush Says Rescue Plan Will Ease Pressure on Banks, More Action Is Needed
•Frank Accuses McCain of Using SEC's Cox as `Scapegoat' for Market Turmoil
Editor's Note - This Is All Very Exciting...
What Was The Question...??
Oh Yeah, Where's Our MONEY...??
PLEASE Just Pay Us NOW...!!
Thursday, September 18, 2008
CMKX - Attention: SEC Commissioners...
SEC Issues New Rules to Protect Investors Against Naked Short Selling Abuses
Washington, D.C., Sept. 17, 2008 — The Securities and Exchange Commission today took several coordinated actions to strengthen investor protections against “naked” short selling.
“These several actions today make it crystal clear that the SEC has zero tolerance for abusive naked short selling,” said SEC Chairman Christopher Cox.
“The Enforcement Division, the Office of Compliance Inspections and Examinations, and the Division of Trading and Markets will now have these weapons in their arsenal in their continuing battle to stop unlawful manipulation.”
For this reason, naked shorting can allow manipulators to force prices down far lower than would be possible in legitimate short-selling conditions.
Now that the SEC seems to recognize, and promises to do something about Naked Shorting, what about the shareholders of all the companies that were shorted into oblivion, using this illegal, abusive, manipulative practice...??
A practice which was IGNORED for years, and whose existence was DENIED by the regulatory agencies responsible for protecting shareholders.
NOTE: Please send a copy of the Press Release to Annette Nazareth...!!
----------------------------------------------------------------------------------
This Just In...
"Goldman Sachs Group Inc. and Morgan Stanley, the remaining independent securities firms on Wall Street, plunged by the most ever, prompting Morgan Stanley Chief Executive Officer John Mack to say short sellers are using abusive tactics to attack companies."
Editors Note - I think they just want their stocks to go up...!!
-----------------------------------------------------------------------------------
SEC Contact Info...
coxc@sec.gov,
chairmanoffice@sec.gov,
tradingandmarkets@sec.gov,
oig@sec.gov,
newyork@sec.gov,
losangeles@sec.gov,
enforcement@sec.gov,
oiea@sec.gov,
publicinfo@sec.gov,
help@sec.gov,
mccoyj@sec.gov,
whitem@sec.gov,
hakalal@sec.gov,
tysonr@sec.gov,
thomsenl@sec.gov
Washington, D.C., Sept. 17, 2008 — The Securities and Exchange Commission today took several coordinated actions to strengthen investor protections against “naked” short selling.
“These several actions today make it crystal clear that the SEC has zero tolerance for abusive naked short selling,” said SEC Chairman Christopher Cox.
“The Enforcement Division, the Office of Compliance Inspections and Examinations, and the Division of Trading and Markets will now have these weapons in their arsenal in their continuing battle to stop unlawful manipulation.”
For this reason, naked shorting can allow manipulators to force prices down far lower than would be possible in legitimate short-selling conditions.
Now that the SEC seems to recognize, and promises to do something about Naked Shorting, what about the shareholders of all the companies that were shorted into oblivion, using this illegal, abusive, manipulative practice...??
A practice which was IGNORED for years, and whose existence was DENIED by the regulatory agencies responsible for protecting shareholders.
NOTE: Please send a copy of the Press Release to Annette Nazareth...!!
----------------------------------------------------------------------------------
This Just In...
"Goldman Sachs Group Inc. and Morgan Stanley, the remaining independent securities firms on Wall Street, plunged by the most ever, prompting Morgan Stanley Chief Executive Officer John Mack to say short sellers are using abusive tactics to attack companies."
Editors Note - I think they just want their stocks to go up...!!
-----------------------------------------------------------------------------------
SEC Contact Info...
coxc@sec.gov,
chairmanoffice@sec.gov,
tradingandmarkets@sec.gov,
oig@sec.gov,
newyork@sec.gov,
losangeles@sec.gov,
enforcement@sec.gov,
oiea@sec.gov,
publicinfo@sec.gov,
help@sec.gov,
mccoyj@sec.gov,
whitem@sec.gov,
hakalal@sec.gov,
tysonr@sec.gov,
thomsenl@sec.gov
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