original post by maverick 1 on IHUB
Mid May 2016 US SUPREME COURT ruling AGAINST NAKED SHORT SALES perpetrated by US Financial Broker/Dealers and now relegated to State Courts with expanded rights!
The complete Supreme Court US Opinions are here: http://www.supremecourt.gov/opinions/15pdf/14-1132_4g15.pdf
Quote:
Naked short sellers squeezed by Supreme Court
Published by AMI Newswire May 16, 2016
In a sweeping blow to Wall Street investment giants, the U.S. Supreme Court today unanimously allowed lawsuits against "naked" short sellers in state courts to proceed.
The high court ruled unanimously that shareholders are not confined to federal court when seeking recourse for securities violations. Granting due deference to the important role of state courts, the Court reinforced federalist principles while clarifying congressional intentions to limit the federal governments role.
The ruling, which could give a new boost to startups and small companies targeted by short sellers, showed a rare moment of ideological agreement in the court. Justice Elena Kagan authored the Courts opinion, and Justice Clarence Thomas, joined by Justice Sonia Sotomayor, issued a concurrence.
In 2012, businessman Greg Manning sued Merrill Lynch and other financial institutions in New Jersey state court for purposefully devaluing his company through systematic naked short-selling a term used to describe selling a stock a seller does not own and has not borrowed. In standard short sales, traders either borrow a stock or make sure that it can be borrowed prior to selling it short in the hope that its value will fall before the transaction must be covered.
The practice has come under increasing scrutiny and has been banned in Germany and other major economies.
Read more: http://tinyurl.com/jgz257w
Quote:
Continuing from the article Naked short sellers squeezed by Supreme Court: (Underlines added below for emphasis.)
While legitimate short-selling remains an accepted financial practice, manipulation by false rumors and naked short-selling has taken a serious toll on emerging industries. Biotechnology industry insiders have for years pleaded with the SEC to block the illegal short selling and false whisper campaigns that plague the industry. Smaller technology-driven companies frequently lack the resources to deal with attacks that drive down stock prices, crippling research and development budgets.
NO LONGER should this subject of ILLEGAL NAKED SHORT SELLING be questioned: just paths to RESOLUTION!
NOTICE this took 5 MORE months for targeted company to generate a Press Release:
Quote:
GeckoSystems Praises Recent SCOTUS Decision Re: PUMA Alleged OTC Spoofing
CONYERS, GA, October 12, 2016 -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY | www.GeckoSystems.com/) announced today that the ramifications of a recent Supreme Court of the United States (SCOTUS) ruling --that expands States Rights-quote] On July 10, 2015, GeckoSystems senior management and majority stockholders filed a Georgia Racketeer Influence and Corrupt Organizations (RICO) Act suit in the Rockdale County Superior Court in Conyers, GA. tinyurl.com/qhl3uzu Stock manipulation frequently fits the pattern of illicit racketeering.
Background Extensive Expose on Illegal Naked Short Sales:
https://theintercept.com/series/penny-stock-chronicles/
USE ShortVolume.com to track daily CTIX's 2 #'s in the Text ABOVE the graph of Long Volume and Short Volume and compare that with total volume daily traded on an ON GOING BASIS to notice whether HF Shorts are adding or reducing their level of Illegal Naked Short Sales (done in DARK POOLS!)
Mid May 2016 US SUPREME COURT ruling AGAINST NAKED SHORT SALES perpetrated by US Financial Broker/Dealers and now relegated to State Courts with expanded rights!
The complete Supreme Court US Opinions are here: http://www.supremecourt.gov/opinions/15pdf/14-1132_4g15.pdf
Quote:
Naked short sellers squeezed by Supreme Court
Published by AMI Newswire May 16, 2016
In a sweeping blow to Wall Street investment giants, the U.S. Supreme Court today unanimously allowed lawsuits against "naked" short sellers in state courts to proceed.
The high court ruled unanimously that shareholders are not confined to federal court when seeking recourse for securities violations. Granting due deference to the important role of state courts, the Court reinforced federalist principles while clarifying congressional intentions to limit the federal governments role.
The ruling, which could give a new boost to startups and small companies targeted by short sellers, showed a rare moment of ideological agreement in the court. Justice Elena Kagan authored the Courts opinion, and Justice Clarence Thomas, joined by Justice Sonia Sotomayor, issued a concurrence.
In 2012, businessman Greg Manning sued Merrill Lynch and other financial institutions in New Jersey state court for purposefully devaluing his company through systematic naked short-selling a term used to describe selling a stock a seller does not own and has not borrowed. In standard short sales, traders either borrow a stock or make sure that it can be borrowed prior to selling it short in the hope that its value will fall before the transaction must be covered.
The practice has come under increasing scrutiny and has been banned in Germany and other major economies.
Read more: http://tinyurl.com/jgz257w
Quote:
Continuing from the article Naked short sellers squeezed by Supreme Court: (Underlines added below for emphasis.)
While legitimate short-selling remains an accepted financial practice, manipulation by false rumors and naked short-selling has taken a serious toll on emerging industries. Biotechnology industry insiders have for years pleaded with the SEC to block the illegal short selling and false whisper campaigns that plague the industry. Smaller technology-driven companies frequently lack the resources to deal with attacks that drive down stock prices, crippling research and development budgets.
NO LONGER should this subject of ILLEGAL NAKED SHORT SELLING be questioned: just paths to RESOLUTION!
NOTICE this took 5 MORE months for targeted company to generate a Press Release:
Quote:
GeckoSystems Praises Recent SCOTUS Decision Re: PUMA Alleged OTC Spoofing
CONYERS, GA, October 12, 2016 -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY | www.GeckoSystems.com/) announced today that the ramifications of a recent Supreme Court of the United States (SCOTUS) ruling --that expands States Rights-quote] On July 10, 2015, GeckoSystems senior management and majority stockholders filed a Georgia Racketeer Influence and Corrupt Organizations (RICO) Act suit in the Rockdale County Superior Court in Conyers, GA. tinyurl.com/qhl3uzu Stock manipulation frequently fits the pattern of illicit racketeering.
Background Extensive Expose on Illegal Naked Short Sales:
https://theintercept.com/series/penny-stock-chronicles/
USE ShortVolume.com to track daily CTIX's 2 #'s in the Text ABOVE the graph of Long Volume and Short Volume and compare that with total volume daily traded on an ON GOING BASIS to notice whether HF Shorts are adding or reducing their level of Illegal Naked Short Sales (done in DARK POOLS!)
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