The SEC Needs Your Feedback

Since FINRA and the Securities and Exchange Commission believe in going only after $1,000 insider traders with the full weight of their enforcement teams, yet ignore major market manipulation in futures and other markets, Zero Hedge wanted to present readers an opportunity to be heard by the market’s regulators.

As to what specific event to reference, frequent readers do not need our prompting, however a good example which if nothing else, needs clarification, is the major odd /ES ramp up on no news two nights ago, ahead of the atrocious claims number, which was covered extensively by Karl Denninger at Market Ticker.

Additionally, the phenomenal spike in call option volume two months ago in insurance companies before it was announced they would all become eligible for TARP was about as fraudulent as one can imagine and yet neither the SEC nor FINRA have done anything to address that obvious market manipulation. And of course the major news leaks and resulting stock moves just ahead of every bank follow-on equity offering are by now watercooler jokes when discussing just which zoo it is that the regional SEC enforcement officer must has escaped from.

Remember, the voice of the masses does not go unnoticed: the amazing grass roots support for HR1207 is the main reason the “Audit The Fed” bill generated not only enough co-sponsors to pass congressional voting, but is now at over 240 supporters – a staggering result for a bill that only had 160 supporters the week before Zero Hedge decided to take the issue public. Also, numerous ZH FOIA requests have proven successful mostly due to material reader support and participation.

Which is why we recommend that all readers who feel like they would like to invest money in a market that is nothing less than a swing-trading casino, manipulated exclusively by several major players, and where cash trading is pointless due to the growing preponderance of program and algo trading, click on this link, and voice your displeasure directly to the SEC about all concerns you may have, both public and private.

http://www.sec.gov/complaint/cf942sec9570.htm

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