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FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW

Location: Blogs Bob O'Brien's Sanity Check Blog    
Posted by:   bobo 2/7/2007 7:46 PM

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Sign the Market Reform Petition Now!: View it here. Over 3000 folks already have. Make your voice heard.

To view the SIA NYSE member firm spreadsheet showing $63 billion in delivery and receipt failures as of Q2, 2006, click here.

Visit the new "SEC/Gary Aguirre Cover-Up" section of this site for a compilation of Mr. Aguirre's efforts to expose the SEC's alleged obstruction of justice and whitewashing of insider trading by some of the biggest names on Wall Street.

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FFH shareholders got a bit of a surprise today when a class action suit was filed naming the hedge funds who have long been infamous topics in my scribblings.

Read all about it here. I would think we will see similar suits in OSTK and NFI fairly shortly, as they have been mangled far worse than FFH.

Speaking of which, a broker I know well told me today that a large Prime broker was making NFI and OSTK shares available for shorting with no borrow cost. Why would these rare and in demand shares suddenly be made available for the asking? One can only speculate, but my hunch is it is to reduce any obstacle for retail shorts or smaller hedge funds to short the stocks. Why? Well, who do you think is on the other side of the trade, buying those shares to cover their position, at dramatically depressed prices? The prime broker, and his powerful hedge fund client? Nah. Couldn't be. It would never happen.

Anyhow, FFH shareholders are going to get a chance to see all the dirty laundry of the alleged bad guys aired  - I say, bravo, let he who is without guilt proudly welcome the cleansing breeze of discovery.

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If it wasn't so lowbrow, it would be far funnier.

This site, which has been involved for some time with following the ever-more-Byzantine and implausible hijinks of 'lilGW and his band of merry sock puppets, apparently nailed the scribe engaging in another classically sloppy screw-up. Read all about it.

The thing that makes this noteworthy is that it would seem that the for-profit entity owned by the brokers has secured the services of a full time bashing blogster to denigrate the actions of those critical of its high handed position.

Specifically, it was never clear why 'lilGW was so strident about there being no naked short selling problem, even as the FOIA data and SIA spreadsheet numbers and testimony from academics and scholars, and eventually, just common sense, showed that position to be at best stupidity of the lowest order, and at worst, a propaganda campaign rivaling those of flat earth adherents and holocaust deniers.

Apparently we now have a possible explanation. His position is one that is carefully aligned with the DTCC's position - far more than would occur via an accident.

And now it would seem that his beliefs, trumpeted as his own views, is actually nothing more than the agenda of a powerful paymaster.

That isn't at all shocking to me given my experience with the intellectual dishonesty and pathological narcissism that is his imprimatur. No, what I am surprised by is the way the DTCC responded to inquiries intended to clarify 'lilGW's status.

Can anyone with a functioning brain stem read the exchange and not get strong whiffs of BS?

I suppose if the head shyster for that proud entity wants to blow off all reasonable inquiries, that is his business. To me, it typifies the elitism that is the pervasive odor of a sliver of the country that believes we are all food, and they the consumers.

Then again, not unexpected. The gloves are most definitely off. And disclosure and transparency are not things the DTCC has ever advocated. So why would they answer simple questions in an intelligible manner now? Why start?

But the constant attacks on Patrick and myself and anyone lobbying for honest markets now have an explanation besides a foaming personality disorder coupled to the worlds worst dye job. No, as with most things, it's all about the Benjamins.

As usual.
Copyright ©2007 Bob O'Brien
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Comments (41)
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By n-tres-ted on 2/7/2007 8:52 PM
Bravo, Bobo! Reading you is worth the trip. Now I'll read the links. Thanks.
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By wb6inv on 2/7/2007 9:22 PM
In what court was this suit filed? Thanks for the info, Bob.
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By Sean on 2/9/2007 8:11 AM
Things that make you go hhhhmmmmnnnn!!!

Associated Press

Bies to Leave Fed at End of March
By JEANNINE AVERSA 02.09.07, 10:05 AM ET

Susan Bies, who has been a governor at the Federal Reserve since 2001, announced Friday that she will leave at the end of March, giving President Bush a fresh opportunity to put his stamp on the central bank.

Bies, 59, said she plans to spend more time with her family.

With her expertise in banking and risk management, Bies has played at key role in shaping regulatory policy at the Fed, which is responsible for making sure the nation's financial system remains sound. That's also a key ingredient to the country's economic health.

She took the job as Fed governor in December 2001, three months after the terror attacks on New York and Washington.

With Bies' departure, Bush will have a total of two vacancies to fill on the central bank.

Copyright 2006 Associated Press. All rights reserved. This material may not be published broadcast, rewritten, or redistributed
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By SteveM on 2/9/2007 8:47 AM
Things that make you go hhhhmmmmnnnn!!!

By DAN MARGOLIES
The Kansas City Star

Class action set against NovaStar
A federal judge grants the status to a lawsuit accusing the company of misleading investors.

A lawsuit alleging that NovaStar Financial Inc. misled investors when it failed to disclose regulatory problems in three states was certified Thursday as a class action.

U.S. District Judge Ortrie Smith in Kansas City ruled that the lawsuit met the criteria for a class action, including “numerosity” of members, common issues, “typicality” and adequate representation.

“We’re very pleased with the decision and we’ll let it speak for itself,” said an attorney for the plaintiffs, Richard Weiss of the Milberg Weiss law firm.

Lanny Davis, an attorney for NovaStar, said Smith’s decision “merely allows the plaintiffs to take their case and prove it in court.”

“Now the real serious business begins,” he said. “What are the facts and can they prove them? From the very first day this case was filed, the facts have never changed. NovaStar made an honest mistake involving licensing issues in a few states. It was trivial and it was corrected. And we’re confident that when all the evidence is in, that will be the verdict.”

Smith also rejected NovaStar’s contention that Milberg Weiss was unsuitable as class counsel because the firm and two of its partners were indicted in May. The firm was accused of secretly paying kickbacks to plaintiffs in class-action lawsuits.

Smith said that the two indicted attorneys were not involved in the NovaStar litigation, and that the presence in the case of another firm as co-lead counsel “assures all parties against any behavior of the type alleged in the indictment.”

“Further,” Smith wrote, “removal of Milberg Weiss as co-lead counsel would not only harm the class, but prematurely punish the firm for unproven allegations.”

Smith’s ruling came nearly three years after shareholders sued NovaStar, a Kansas City-based originator of, and investor in, mortgage loans to borrowers who don’t qualify for conventional loans.

The lawsuit, which also names NovaStar’s top officers as defendants, combines some two dozen lawsuits against the company into one action. The cases were filed after The Wall Street Journal in April 2004 reported on licensing problems NovaStar had encountered in Nevada and Massachusetts.

The newspaper reported that NovaStar was fined $80,000 in Nevada for unauthorized mortgage broker activity, and Nevada regulators had found that only six of 15 branches NovaStar claimed to have in the state actually existed.

It also said that NovaStar was fined $22,500 in Massachusetts for doing business there with an unlicensed broker, and that it failed to register its branches in Texas.

The article triggered a huge sell-off of NovaStar stock, with shares plummeting nearly 31 percent to $37.50 before regaining 11.7 percent the next day, after NovaStar responded to the article in a conference call.

The lawsuit contends that between Oct. 29, 2003, and April 8, 2004, NovaStar officials made public statements overstating the company’s office growth in order to boost its stock price, which reached a high of $67 on March 22, 2004 — the same day NovaStar sold more than $107 million worth of its shares. On April 8, 2004, the price dropped to $54.18.

Smith’s ruling means that investors who owned NovaStar stock between Oct. 29, 2003, and April 8, 2004, automatically become plaintiffs in the case. The class is likely to encompass hundreds, if not thousands, of members, Weiss said.

Shares of NovaStar’s stock fell to a new 52-week low Thursday before rebounding slightly and closing at $18.31, down $2.29. The drop came amid generally gloomy news in the subprime mortgage market, including Senate hearings Wednesday on predatory mortgage-lending practices.


--------------------------------------------------------------------------------
To reach Dan Margolies, call (816) 234-4481 or send e-mail to dmargolies@kcstar.com.
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By Sean on 2/9/2007 8:56 AM
Steve, you guys are going down hard, thou dost protest too much. We're mad as hell and we are NOT going to take it anymore!! MORE to come!!

A MESSAGE TO THE SEC: “GRANDFATHER”

Well, here we come full circle. Due to the fact that some SEC attorneys in influential positions have turned a blind eye to, protected, and ultimately reaped the benefits from illegal naked shorting for decades is so obvious that presently, implementing something as ridiculously simple as enforcing the existing law is a mystery it requires a public hearing and debate. Gee, should this country follow the common sense of the rest of the world regarding fair stock delivery requirements or let just criminals and terrorists steal without limitation? Permit my to add my public comments ... errr .. DUH! You people claim to be lawyers and you need a public debate on this issue? Are you complete idiots? Did you go to law school at Tijuana Tech? Did you go to law school at all? As my letter will explain, it was not your lack of going to school that was as much the problem, it was the fact you never learned right and wrong and how to say no to temptation.

On the subject, I had a good friend of mine who, when he graduated from law school, was very high up in the class standings of a nationally accredited institution. He applied to the SEC and was not even considered. He initially, and naively, thought possibly it was due to fierce competition that may have beat him out. Well, I have some news for him.

Some of the managing attorneys who decide “who goes where” in your organization are definitely agenda-minded when it comes to which attorneys get hired. It appears that most of your attorneys must either pass an idiots’ exam or more likely, an on the spot ethics exam in which consists of a $100.00 dollar bill intentionally left unnoticed on the floor in front of the applicant. The applicant has the opportunity to pick the money off of the floor unnoticed. If the applicant returns the c-note, the interview ends and no job offer. If he steals it, then he fits right in! Unfortunately for the SEC, Gary Aguirre “somehow” made it through the interview and retained his integrity and “somehow mysteriously” got the job. Ever consider the fact that you might have been set up? Apparently, he just would not play ball and you terminated the man, in spite of the fact he has more ability and integrity in his little pinky than most in your organization has in their entire hereditary line! Thank God for the likes of Gary Aguirre, a man who I would love to shake his hand and offer him my sincerest heartfelt thanks!

No, my lovable SEC attorneys in question, it is not your stupidity alone that has caused this problem. In the long run, it was your combined greed, corruption and ultimately stupidity that permitted this international crisis to develop. After all, the ongoing perpetrators of this galactic-level scam on the American investor was thought to have an unlimited piggy bank so the little problem of the “few” criminals’ acts of corruption would never be a real problem, right? Sorry. The pigs at the trough only increased in numbers, expanding to organized crime, drug lords, terrorists, demanding ever-more protection and stealing ever-more money. Of course, you could never say no because not only were the rewards so alluring, but your complicity gave the bad guys control over you by merely alluding to the threat of public exposure - your worst fear! God forbid if the American people really learn how you have participated in screwing them and causing them severe hardships. It could lead to revolution and you might even end up like Musolini, hanging dead in some city square, enraged people pummeling on your dead and broken bodies with sticks and stones. I better not go on, I am getting ideas.

Do you realize the extent of the damage that your group has done? You have permitted the theft of tens, if not hundreds of trillions in wealth from Americans and others, causing homelessness, hunger, despair and more. Right now, as these hearings are to be held, the criminals are increasing their efforts by 10-fold. How much money was diverted to the terrorists that was used in attacks on our citizens, our allies, our brave troops, our very nation. Do you even care? You have been an necessary link in the chain of corruption that if not provided, the scams COULD NOT have existed. Congratulations. You have really done your part. If the politicians and the courts had any real balls, they would not only disband your group of merry men, force you all to refund your salaries and toss you in jail, but we jailers would conveniently drop the key off of a boat floating over the Marianas Trench to be lost forever! You know, I respect the mob to a certain degree for they generally represent themselves as who they are and I know with that, I expect a good working over. Your little band of sell-outs are another story. We placed in your hands the future of the nation and you not only went to sleep, but participated in the looting. You breached the public trust to a degree that has nearly sunk the boat. You pretended to be the good guys, we even paid you over-bloated salaries, only in find out that you were in bed with the criminals all along. The fate of Musoili? Far too good a destiny for the likes of you.

So, let’s return to the elimination of the Grandfather Clause from RegSHO. Should it be eliminated? Should the naked shorters have to cover their illegal counterfeit sales? NO KIDDING! In case you fell asleep during constitutional and criminal law classes, to permit past naked shorting to stand as valid shares would be not only be putting the government’s rubber stamp of approval on counterfeiting, but it violates the Constitution’s Inverse Condemnation/Takings Clause, the Contracts Clause, Fundamental Fairness of the Due Process Clause and a host of others. To validate the past naked shorting with permitting the Grandfather Clause to stand would be like having 9 other fraudulent sellers give fake deeds to my house only to have the government validate them and tell me I now only own 1/10th of my house! There is zero difference.

Please do not respond in thought or otherwise that the criminals somehow need naked shorting to make a market. Do all the other nations in the world permit this unconscionable and illegal practice? Is the lack of relentless naked shorting create some inability or impediment to those foreign market makers and brokers (many are the same as ours - living by a double standard of practice) ability to make a market? The answer is obvious and it is one you have conveniently ignored to the point of our devastation.

So, where do we go from here? Are you going to allow America to be further decimated or are you going to finally split from your “associates” and do your jobs? If you do, there will be a modicum of hope for America’s recovery. Rest assured, if you don’t, there will be trouble coming your way in the future that makes the current heat you are feeling look like and ice cube. My advice, decide wisely.
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By SteveM on 2/9/2007 2:19 PM
[Sean, take a deep breath. I was posting so people could see that Milberg Weiss is still a tool in the Shorts arsenal.]

In my post above, I am pointing out that the Milberg Weiss law firm is the one filing the class action lawsuit... the same law firm that was indicted last May on charges of secretly paying more than $11 million in kickbacks to get people to take part in shareholder lawsuits... the same law firm that magically files lawsuits against publically listed companies that are heavily shorted by Rocker Partners.
http://www.ncans.net/files/Ostktime.pdf

[Bobo, maybe we can delete Sean's misguided personal attack against me, and my mention of him in this post?]
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By Kuma on 2/9/2007 2:52 PM
I am sure you guys see where this is going. 2.9 trillion budget (thanks for not making it 3) they'll just use that money to buy out the short position. Who ever described this as a ponzi system hit the nail on the head. Once again we will be left holding the bag. Bush in his term will have doubled the National debt. Six trillion to 12 trillion and he is not done yet.
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By gregcable2002 on 2/9/2007 3:29 PM
These FTD bandits are so entrenched in the system now that I don't think they really care anymore about what the rubes think or do,afterall,they have the entire system bought off,everyone has there hand in the cookie jar.
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By Sean on 2/9/2007 8:24 PM
Steve my humble apologies..if you reread your post it sounds like you're advocating these action by imitating my "Things that make you go hhhhmmmnnn" statement. I am a grown man and Man enough to apologize when I err I don't need Bob to delete anything that I have said and there was nothing personal or attacking in my statement. I would have to know you in order for my statement to be personal. I have taken that deep breath now.
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By antny@singsing on 2/10/2007 6:03 AM
Bobo, you or patchie hear this 1? I've heard that in a case O'Quinn was arguing in Nevada (Nanopierce?) where he sued the DTCC for info, that the SEC showed up to argue with the DTCC? This is beyond the pale of anything I've imagined. Can someone look into this then ask Congress if this is true? and WHY?
Be on the lookout for my proxies and stock certificates By clearthinker on 2/10/2007 10:51 AM
nice try......
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By printmoney on 2/10/2007 11:54 AM
Counterfeiting is good for the economy.

http://globaleconomicanalysis.blogspot.com/
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By Short Sellers Panicking on 2/10/2007 3:50 PM
From the above 2 basher posts you can see the BASHTURDS on starting to panic.

ROTFLMFAO!
Must watch videoes. Everything explained By Ted on 2/10/2007 8:37 PM
http://video.google.com/videoplay?docid=-8753934454816686947&q=money+masters&hl=en

http://video.google.com/videoplay?docid=-2665915773877500927&q=money+masters&hl=en
Can Anybody Claim to be bobo and post a comment? By bobo on 2/10/2007 10:23 PM
Yes!
that means the comment from bobo on 2/10/2007 at 7:40 p.m. may be fake.
Re: Can Anybody Claim to be bobo and post a comment? By Catfish on 2/10/2007 11:56 PM
May be a fake? Is a fake. Bobo will have the IP address in a log, though.

My guess is the Bunny is out making trouble for some miscreant. Seems to be the result when there are long lapses between messages.
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By JLB on 2/13/2007 5:39 AM
The SEC trying to slide one by:

http://www.nytimes.com/2007/02/13/washington/13sec.html?hp&ex=1171429200&en=9115f646a6caae56&ei=5094&partner=homepage
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By rtway on 2/7/2007 9:34 PM
I often wondered if there was some sort of organization that these bashers belonged to. I know this sounds rather bizarre however bear with the analogy. The reason they have trade unions in the big cities is to expedite a work force that is trained in their profession and wasting as little time possible in doing so. Has worked rather well for over a 100 yrs. The union usually has a head honcho with smaller chiefs right below and all getting a cut somehow or someway. It seems for me that G.W.'s name always pops up like bad body odor when there is this type of story or just in organized bashing like we have seen in recent months with OSTK and NFI. In my opinion only I believe that not only GW has multiple Id's but also has a consortium of bashers that Any foreign government that reads these stories have to be can be organized by a phone call. I can't wait for discovery and find out also what substance he puts on his head short of rustoleum. Any foreign government that reads these blogs have got to be rolling in laughter as to how ineffective our system works The SEC could be replaced by Pink Panther.
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By n-tres-ted on 2/7/2007 9:56 PM
The suit was filed in federal court in New Jersey.
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By davidn on 2/7/2007 10:52 PM
Bravo! I thank and commend everyone that is standing up to the vermin.

We're not battling huge organizations. We're battling parasitic scum like lil' gw and Stuart Goldstein who lie for a living. I had assumed Stuart had left the DTCC when we exposed his lies six months ago.

The problem is not the SEC or the DTCC or the Senate Banking Commission. It is individual scumbags that take bribes to lie for a living that we need to target with exposure. Exposure is like Lysol - it gets rid of the disease.

The strategy of naming names works. Carol Redmond / alias Remond, Cramer and many others have gone quiet. When we posted the JPG of Cramer with BS scrawled across his SEC subpoena, he actually said nice things about NFI and OSTK for a few minutes. Why was he not charged with obstruction of justice?

The momentum is on our side. The parasitic controlled press won't let you know it, but the snowflakes are piling up, each seeming to make no difference, but they are creating an avalanche of change that is about to crush the scumbags.

The man behind the curtain is a decrepit old man that doesn't understand that the internet has made their mainstream media propaganda outlets irrelevant.

If you are someone who has been bribed to lie for a living, ask yourself if you want to have your face to be the one that takes the fall for this scam when the masses figure it out?
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By davidn on 2/7/2007 11:05 PM
Don't ever use the term "naked shorting" again as it plays into their propaganda.
The problem is not at the level of short selling which I support. It is at the level of massive counterfeiting by custodians. It has nothing to do with shorting as they counterfeit many trades, not just short ones.

It is at the level of custodians that have a fiduciary responsibility to own shares in trust and who have criminally and fraudulently breached their fiduciary responsibility to make money and bonuses for their executives. It is at the level of thieves like the DTCC who have spokesman like lil gw and stu goldstein who lie for a living. It is at the level of scumbags who will take Refco or NYSE public when they know that they've siphoned off their last bonus and they need to stick the public with the problem.

I believe in legal shorting and support it. It allows people to bet against irrational exuberence, but forces them to buy if they are wrong. The legal owner of the shares gets margin credit in compensation and only one person has the right to own or vote the shares at a time.

I've met a number of hedge funds that have been caught naked shorting and I think they've been set up. The prime banks charge them fees and interest to borrow shares to short that don't exist, then they buy them in and force a loss. The prime brokerages create a one stop scam where the hedge fund uses their computers, offices, secretaries, clearing, etc. and they encourage them to borrow to short more to increase their gains.

On the backside, the prime brokerages, DTC, Clearstream, etc. have created their own rules where obligations net out and shares are treated like a fungible mass where $1 of Pink Sheet Shitco is the same as $1 of IBM. They think they are running a bank and that shares are a fiat currency.

They are wrong. They are brokerages and the asset doesn't belong to them. For them to pledge or otherwise treat it like it is their own without the beneficial owner's permission is a crime.
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By antny@singsing on 2/8/2007 4:59 AM
How are the States (Utah specifically) fairing in their info requests from DTCC? I've heard it's not just incompetence but very deliberate obstruction. Like the NASD, these are private companies.They need to be held accountable. I've read the comments on Rule 3210 by companies like BTMD who question the compliance by BD's. And the gaming of the reporting date. Rule 3360 was supposed to requie short interest reporting 2x/ month. The DTCC has the info. are they at fault for lack of dissemination or is it the BD's???will this FFH suit help make DTCC more transparent?
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By Sean on 2/8/2007 5:27 AM
Bob, here is a good question.. The year that Refco went public and then went bust how much Bonuses did Wall Street Criminals make in total? Inquiring minds would like to know??
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By Gary Wuss on 2/8/2007 7:23 AM
Bobo- @#%$$&!! you*&%##$@ !! Judd *&^%@#$%% my @#*&^%$ you $#%&*@ DTCC! Patrick *&%*$$#. You mother ##$&*#er . I will #@^%&*# your @&%%%% in my @$%#&*!
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By metoo on 2/8/2007 7:47 AM
If someone can post a link to the actual suit, it would be appreciated.
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By clearthinker on 2/8/2007 9:03 AM
In one generation, Wall St has deteriorated from building the infrastructure of our country, and helping the entrepeneur achieve the impossible, to a casino run by lawyers and media whores. The SEC, DTC...inaction, denial, obstruction, grandfathering fraud...these are the people who supposedly have the public's interests at heart.

Main Street retail is vanishing before our eyes to be replaced by big box retailers and internet shopping.

Well done folks.....
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By old duffer on 2/8/2007 9:11 AM
Gary faces a firey end he can not even imagine!
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By d.d. on 2/8/2007 9:46 AM
Read comments here.

http://www.sec.gov/comments/s7-12-06/s71206.shtml

Take five minutes and post your own comments (scroll down to July 14th, then click on the submit comments link.

http://www.sec.gov/rules/proposed/proposedarchive/proposed2006.shtml

Does anyone else think it is nutty that they began solicting comments last July and seven months later, they've done dick?
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By clearthinker on 2/8/2007 10:32 AM
it's all about creating he "appearance" of doing things while you stall, grandfather, obfuscate, deter, digress and deny...

Page 4 of the manual
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By Den-of-Thieves on 2/8/2007 11:16 AM
This is a site for shorting stocks. Outraged people are calling the SEC and NASD.

http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?cntry=usa&tag=United%20States&ib_entity=llc&ln=&b=SBA&e=SDN
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By Divieden on 2/8/2007 12:58 PM
I wish Liz would do an article on "lilGW. So much material to work with. Isn't there some sort of "Journalistic Ethics" code that would disclosure.........or is that what's called an "Oxymoron"?
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By cynabear on 2/8/2007 3:48 PM
so who is this guy??? roger =lilGW??? or just another guy on the DTCC payrole??? geesh......how far have our once noble institutions have fallen.....or just perhaps they were always as rotten as we find them today.....we just didn't have the tools to find it out...... great work all


Msg: 37285 of 37318 2/8/2007 5:25:38 PM Recs: 7 Sentiment: Not Disclosed
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Roger Fleetwin IP Address Lookup

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RegDate: 1996-02-09
Updated: 2002-10-30
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Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By C'mon already on 2/8/2007 7:44 PM
Dave, you're not making progress by posting intraday tape tickers from penny stocks trading on god knows what exchanges. If it's not on the NYSE/NAZ, weird things are going to happen. The SEC can't even regulate the big boards, so don't expect the pink sheets and the OTC's to ever get policed. Anyone with money in any of these off market stocks can expect to lose it all at any time, whether it's due to crooks on either side (company or stock traders), or just due to the fact it's a penny stock for crying out loud.

I can see the complaints/suits about how these companies were delisted for whatever reasons that may be due to illegal market activity, but you are not helping yourself or anyone else by posting this stuff about intraday tape painting on 40 cent otc stocks. Concentrate on why you believe and/or can help prove the stock might have unjustly gotten to the OTC's in the first place.

After that, it's all bullshit on these scam non-exchanges like the otc's and there's not one damn thing anyone at the sec can do about it unless someone feeds them hard evidence. There are a million of these penny stocks trading like this.
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By patchie on 2/9/2007 3:47 AM
Sorry, I do not post these. These are my documentaries I submit to Regulators and members of Congress. For reference, I only post as Patchie.
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By antny@singsing on 2/9/2007 4:33 AM
The whois traces have been common place on RB for years. It's great to catch the dirtbags at their own game. what was the content of the message? The DTCC sure is going to great lengths to discredit and distort. Not the kind of effort you would expect from a squeaky clean org.
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By otc on 2/9/2007 4:44 AM
"there's not one damn thing anyone at the sec can do about it"

Good to know that the SEC is powerless to keep the thieves from stealing from us investors. Thanks for the tip.
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By antny@singsing on 2/9/2007 4:50 AM
c'mon already, while I recognize there is plenty 1 can point to in the otcbb/pink world that screams "beware" (non reporting status at the top of the list) I do not agree that this should be a guaranteed profit center for BD's to manipulate. That is not the answer. If a company is a scam, the SEC should shut it down. The fraud at Enron,Worldcomm, and Refco DWARFS the $$$$ lost on ALL pinks/otcbb stocks combined. Fraud is fraud and the SEC either has to enforce ALL the rules or NONE. Rule 3210 and Rule 3360 were implemented to promote transparency to these markets. There is NO BD compliance to date. Firms like NITE trade BILLIONS of shares of .0001 stocks with no spreads for a reason. Level the playing field and ENFORCE the rules or shut these exchanges down and let these companies go list on AIM. Scumbag firms like NITE can't have it both ways. If you want to get 90% of your volumes from these stocks, then comply with the Rules. If you want to shut these exchanges down, NITE will be out of business tomorrow. what is it going to be?
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By old duffer on 2/9/2007 5:45 AM
Got to ask why a hedge fund, Fortress Investment Group, feels the need to IPO?

Ya got to wonder if the big boys see the end of the party and time to distribute to the Rubes?

Nah....must be the milk of human kindness busting out of the hearts of the big boys.
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By bbhindyou on 2/9/2007 7:05 AM
old duffer you peeked to the back of the book !
Refco was just a trial sack handoff.
The only thing offered to the joe six pack average american investor will be the bag.
The sad part is with their records of profit making, joes will line up round the block to 'get a piece of the action'.
Hedge funds will be bought out by the bushel.
We will all hold the bag for it.
Except the criminals of course.
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By SteveM on 2/9/2007 7:06 AM
They say that Fortress Investment Group is the first hedge fund listed on an exchange.

I think that honor goes to REFCO.
Re: FFH Sues Hedge Funds; DTCC in Controversy Over "lilGW By redlight greenlight on 2/9/2007 7:36 AM
Greenlight Cap filed just the other week for an IPO

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