Veerrryyy interesting about the FairHills Capital

Veerrryyy interesting about the FairHills Capital micro cap stock selling scheme. Glad to see the SEC nailing these kind of crooks once and for all. I was beginning to think perhaps the SEC was asleep at the wheel. I guess the rumor about FairHills being 50M shares short on RFMK was maybe not just a rumor? If this is true then the same firm has also violated other regulations regarding proper reporting of short interest to FINRA because RFMK still is not showing any biweekly short interest, however we have all seen over the months how often, in low volume, the daily short sales have at times exceeded the total volume, and all of those short sales add up over time if not immediately covered. If this firm is massively short but not reporting the figures to FINRA then it makes me curious2know how many other firms may have tens of millions of shares short RFMK but have possibly not reported their short positions. This really exposes a very rough situation for investors in recent years, especially in the micro cap stocks, concerning the possibility that multiple firms are massively short all of these pink sheet stocks yet they keep the gigantic short positions hidden on their books and the SEC and FINRA never check them or make sure that they are properly reporting the figures. If the DTC out of the blue globally locks the particular stock then its even a worse situation because since the volume falls for locked stocks they cannot possibly be covered; there is an excuse then for firms to not be forced into covering and shoring up their close-out obligations. The system seems broken to me right now and any investor can see clearly that the FINRA compliance dept is not doing much about it except fining some of them when caught. Each month FINRA reports regulatory compliance and enforcement measures and each month there are dozens of firms in the list which have been caught naked short selling and not properly reporting short figures yet are simply slapped on the wrist with very small fines and only a time out of a couple months or so from short selling. Its an outrage.

http://www.sec.gov/news/press/2012/2012-165.htm

$RFMK!