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U.S. SEC Charges 23 Firms in Short-Sale Crackdown


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Maybe the title of that article was a little misleading?  It seems like these firms were both long and short IPO stocks... which should really be considered IPO flipping.  (Jim Cramer advocates a similar strategy in one of his books.)


I'm surprised to see the Ontario Teachers' Pension Fund Plan on the list.


2- I think that the real problem lies in the underwriters fleecing their clients on these IPOs.  One set of their clients is getting ripped off to benefit another set of their clients.

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