'Liars Can Thwart an SEC Investigation'...
Yes SEC IG H.David Kotz and the 'man' who put him in his position, ex SEC Chair Christopher 'Naked Shorts' Cox,
who both lie about Fannie Mae Freddie Mac AIG UBS Bank of Amnerica Goldman Sachs ete. etc. all being victims of 'naked short selling'(it's still posted of the SEC.GOV STOCK TOUT WEBSITE),are certainly proof of that.But then so does the entire SEC apparently. No wonder they consider David Patch and Patrick Byrne and Bud Burrell and James Dale Davidson as such impeccable unbiased sources on the issue of 'naked shorting'.Ha.
I know I am a broken-record....BUT Byrne latest sputum hank at Sam Antar is a violation of Overstocks' Code of Conduct and Ethics policy, which makes this a(nother) violation of the compliance provisions of Sarbanes-Oxley. And since Byrne routinely ignores these policy constraints, this technically requires the BOD to file an exception to policy compliance with the SEC, which we all know it hasn't.
Yeah I know this Sarbox offense is regarded sort of on the same level as jaywalking, however, I am of the 'school' that senior officers of publicly traded firms should be held to the highest standards of conduct. As such, I'd speculate that Byrnes' conduct is in the bottom 99th percentile of his peers.
In the not so distant past, some SEC officials have piously declared the aim of the agency is to hold these officials to lofty standards. Like the Zen master said: "We'll see".
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