Zero Hedge will filter the data and forward our work product directly to appropriate Attorney General offices and local FBI branch offices. In retrospect, approaching the SEC and FINRA is futile, as they are both as much an integral part of the system as the perpetrators they are supposed to protect against. We're slowly learning that fact. And we are very, very pissed off.
So...
Dear CDS trader talking on the phone to your sales coverage discussing insider information on a deal while your bored analyst is eavesdropping...
Dear Senior Vice President at the strip club boasting to your subordinates how you misspent tens of thousands of taxpayer and investor dollars on strip clubs and prostitutes currying favor for the client, to catch that elusive multi-million deal so you can buy the third vacation home you will never frequent...
Dear General Counsel receiving sexual favors from the blonde assistant in exchange for promises of advancement that never come...
Dear Chief Executive Officer having an affair with the lady at the cosmetics section in that 5th Avenue store, while your wife and 3 children wait at home...
Dear retail broker guaranteeing your 70 year old client that investing in this particular BBB+ rated CDO will never lose money, just to hurry up and do the trade in the next 5 minutes...
Dear sell-side analyst telling your equity salesmen over shots of Grey Goose at Marquee just how crappy the REIT that you just upgraded is...
(and yes, you all know who you are)
...Please look well around you, and pray that you did not piss off any of the people close to you, who know every move you make, and every word you speak... sleep well tonight, because tomorrow your face just may make the proverbial front page of the Wall Street Journal...or Zero Hedge if the former is just a little conflicted.
And a word of warning - please be prudent in contacting us. A major former investment bank, now bank holding company, has retaliated against an employee for daring to contact Zero Hedge. No more information will be disclosed at this point, out of respect for what will likely be a major whistleblower lawsuit. But please do not let that happen to you - after all the only way to disassemble the machine is from the inside.
***
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 Sphere: Related Content
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