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 Microcap & Penny Stocks : NAKED SHORTING-Hedge Fund & Market Maker manipulation?

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To: rrufff who wrote (547)11/29/2005 7:00:32 AM
From: sixty2ndsRead Replies (2) of 4941
 
06:29 SEC investigates bankruptcy committees for Hedge-Fund fraud - Bloomberg.com

Bloomberg.com reports that the SEC is investigating the growing role of hedge funds in bankruptcy proceedings on concern money managers are overstating their bond holdings to get access to inside information. SEC officials are trying to determine whether the funds exaggerate their stakes to gain membership on committees that oversee debt restructurings for bankrupt companies. The creditors' committees are privy to developments that may affect the value of a company's bonds, such as takeover offers, before they're disclosed to the public.
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