Naked Short Selling, Wall Street's Ugly Mess by Frank J. Dobrucki

Online, June 24, 2010 (Newswire.com) - "The collapse of Wall Street is inevitable. You can only keep the game going so long until you completely undermine the very foundation that everything financial was built upon. Without serious reform and an unforgiving set of new rules with serious consequences, the trading world will never overcome the fear and uncertainty for a solid investing future." ~ Excerpt from Naked Short Selling: Wall Street's Ugly Mess

In February of 2005, author Frank J. Dobrucki's company, Global Links Corp. (GLCO.PK), was hit extremely hard with Naked Short Selling, the illegal practice whereby brokers sell shares they do not have.

In a single month, more than 20,800% of the total issued and authorized shares in the company were sold on public markets. In many cases, shares totaling more than 100% of the entire company were sold in a single transaction.

While the government was clearly aware this had happened, no agency responded, no investigation was conducted, and the problem was buried. After all, acknowledging it was possible for this kind of out-of-control trading to occur would open the floodgates to prove this could be happening to dozens, or more, of other companies.

Notes the author, "Naked Short Selling: Wall Street's Ugly Mess proves without any room for doubt that U.S. financial markets are run by their own set of rules and that government to date has not been willing - or perhaps is not capable of - reining in the investment community." The result, Dobrucki warns, is going to be messy - the practice of Naked Short Selling is exploding into a global threat, and most people don't even understand what the issue is about.

For more information, media commentary, please contact the author at: [email protected].

Naked Short Selling: Wall Street's Ugly Mess by Frank J. Dobrucki; Nonfiction; Soft cover; $17.95; ISBN: 978-0-578-04778-2

Naked Short Selling: Wall Street's Ugly Mess is available at: Amazon and BarnesandNoble.com