From sec.gov: “The mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.
As more and more first-time investors turn to the markets to help secure their futures, pay for homes, and send children to college, our investor protection mission is more compelling than ever.
As our nation’s securities exchanges mature into global for-profit competitors, there is even greater need for sound market regulation.
From wsj.com:”Last Tuesday, the SEC said it would tighten short-selling rules for 19 financial firms, including mortgage titans Fannie Mae and Freddie Mac, by requiring traders to “pre-borrow” stock before initiating a so-called short sale. The SEC said it had concluded “there now exists a substantial threat of sudden and excessive fluctuations of securities prices generally” that could affect orderly markets.”
Over 50% of SHLD float is sold short and the SEC is protecting public companies with less than 1% short interest? Where is the fairness and protection? The days of Laissez-faire economics are over. The latest SEC move is a slap in the face to Milton Friedman.
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Source: Concentrated Value
As more and more first-time investors turn to the markets to help secure their futures, pay for homes, and send children to college, our investor protection mission is more compelling than ever.
As our nation’s securities exchanges mature into global for-profit competitors, there is even greater need for sound market regulation.
From wsj.com:”Last Tuesday, the SEC said it would tighten short-selling rules for 19 financial firms, including mortgage titans Fannie Mae and Freddie Mac, by requiring traders to “pre-borrow” stock before initiating a so-called short sale. The SEC said it had concluded “there now exists a substantial threat of sudden and excessive fluctuations of securities prices generally” that could affect orderly markets.”
Over 50% of SHLD float is sold short and the SEC is protecting public companies with less than 1% short interest? Where is the fairness and protection? The days of Laissez-faire economics are over. The latest SEC move is a slap in the face to Milton Friedman.
______________
Source: Concentrated Value
