"I am with you in your efforts for justice and market reform. I believe it is going to take the cooperation and utilization of all available information and media resources to bring about an acceptable resolution to obvious systemic problems in the U.S. Markets and Regulatory Agencies. Market reform isn?t enough, in my humble opinion, as I believe the SEC needs to be thoroughly investigated by an independent counsel. There is more than enough evidence present to indicate that it is highly probable that
(1) The SEC has assisted in and/or permitted criminal securities fraud in the market place for years
(2) I believe the SEC has refused or been negligent in the enforcement of market regulations;
(3) The SEC has hindered Issuers from obtaining valuable information to protect their company and shareholders;
(4) The SEC has intervened to halt ongoing investigations;
(5) The SEC has adopted regulations knowing that loopholes were in place for the illegal market operators to continue their assault on the market place; The SEC has refused to properly address the illegal participation of the hedge funds in the U.S. markets;
(6) The SEC has misinformed the market investor by permitting counterfeit securities to misrepresent the investment under consideration; The SEC has participated in actions against companies knowing it would benefit those holding ?short positions?; What more could I add that they have misled Congress, the Senate, and other oversight committees for years about the presence of naked short selling and its effects on the shareholder, company, economy, and the overall market integrity; knowing or unknowingly they have yielded to manipulation by those ?shorts? attempting to drive a company?s stock price down in the market by moving in to investigate based upon false accusations and reports by those short on the security and then not accepting the responsibility of restoring the company?s legitimacy in the eyes of the market after the investigation is complete; etc? etc? etc?
Keep those cards, letters and phone calls rolling in to every representative you can as the CMKX Shareholder?s Coalition and others are encouraging you to do. While you are at it, please be aware that dematerialization will wipe out the paper trail left by these market perpetrators and the SEC, DTCC, NSCC, SIA, etc? are in full support and actively lobbying to bring this into law. Governor?s need to rescind their decision to support dematerialization at the state level as the SEC, DTCC, NSCC, etc? are seizing this opportunity to introduce a law that will ban the possession of physical certificates by shareholders. The Direct Registration System that they are touting as an equal to physical certificates is deceptive in that a small number of securities are even available for the DRS. Once dematerialization is complete concerning Physical Stock Certificates and the Federal Law is in place prohibiting physical stock certificates from participation in the U.S. Market Place then the states will have no voice to overturn their decision.
Thanks you for your effort and I am available to help anyway I can.
Dr. Frank Hudson -- Dr. Diamond"
|
