Executive Fraud Blog
The U.S. Securities and Exchange Commission, seeking to jumpstart a hunt for suspected manipulation of financial stocks, will require hedge fund managers, brokerages and institutional investors to describe under oath their bets on the firms.
``Abusive short selling, market manipulation and false rumor mongering for profit by any entity cuts to the heart of investor confidence in our markets,'' said Linda Thomsen, the SEC's enforcement chief. ``We will root it out, expose it, and subject the guilty parties to the full force of the law.''
When you mess with the equilibrium of the market you better be prepared for the unintended consequences...
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