The U. S. Congress enacted the Securities Act of 1933 in the aftermath of the Stock Market Crash of 1929 and during the ensuing Great Depression that was caused by the Crash. It requires that any offer or sale of securities using the means and instrumentalities of interstate commerce be registered pursuant to the 1933 Act, unless an exemption from registration exists under the law.
Therefore the U.S. Stock Clearing and Settlement System, the NSCC and the DTC, the participating brokerages, and the naked short sellers such as the hedge funds are clearly in direct violation of numerous provisions in both the Securities Act of 1933 and the Securities Exchange Act of 1934.
Furthermore, the Securities and Exchange Commission is clearly guilty of complicity by failing to perform its prescribed duties which are to oversee the securities markets and to enforce the federal securities laws.
Moreover, the SEC attempts to hide its complicity in the collusion and attempts to protect the wrongdoers by creating worthless laws, such as Regulation SHO, that are rife with loopholes.
The SEC enacted Regulation SHO in January 2005 to target abusive naked short selling by reducing failure to deliver securities. It states that a broker or dealer may not accept a short sale order without having first borrowed or identified the stock being sold.
A major loophole in Reg SHO exempts the market makers from being required to locate stock before selling short because, according to the SEC, naked short selling, when transacted by the market makers, contributes to “market liquidity.”
The Brokers realized the way to hide their Fails or to create Naked Shorts so that they couldnt be seen was to do them outside of the system of the Depository Trust custody and clearing system which is a Monopoly in this country in a thing called Ex-Clearing.
So why is the Securities and Exchange Commission failing to perform its prescribed duties, hiding its complicity in the collusion, and protecting the wrongdoers?
Because the SEC is being controlled by the same entity, the U.S. Stock Clearing and Settlement System, that it is supposed to be overseeing.
Furthermore, the wrongdoers who own the fractional U.S. Stock Clearing and Settlement System also own the Federal Reserve System and control the Internal Revenue Service.
As Bud Burrell asserts: “Markets in the USA are corrupt top to bottom, front to back.” The system in place now is allowing one sort of participant to print stock out of thin air, as often as they like, solely in order for the participant’s customers to have inexpensive options pricing in dangerously overshorted issues. ISN’T THIS ENOUGH REASON TO SHUT THE EXEMPTION DOWN IMMEDIATELY?
If you believe that any shares of stock that you own might be counterfeit, go to the following site and register.
You can both safeguard your own financial well-being and help to eradicate the corrupt “System” by taking the necessary action now.