So you found the site, and are wondering what the Market Reform Movement is all about, what naked short selling is, what resources you should be scanning for a quick learn, and why you should care about any of it.
Fair enough.
The Market Reform Movement is a loose affiliation of shareholder advocates, websites, attorneys, market pundits, shareholders and investors who are concerned about manipulative practices in the U.S. stock markets. The primary current focus is on Naked Short Selling/Failing to Deliver, which is a practice that many believe poses a systemic crisis to the market system.
For a capsule summary, "quick read" FAQ summarizing the current market crisis, click here.
To learn more about Naked Short Selling/Failing to Deliver, the following steps are probably advisable for anyone wishing to come up the learning curve quickly.
1) Read the Introduction To Naked Short Selling linked from the NCANS.net site.
2) Review the Stock Counterfeiting section, with its glossary of terms.
3) View Dr. Byrne's (OSTK CEO) slideshow series, "The Dark Side Of The Looking Glass" - available in the Slideshows section of this site. This stunning series, created in conjunction with Businessjive.com, is narrated by Dr. Byrne, and is a fun and informative way to understand the problem from the perspective of a prominent CEO and academician.
4) Review the collection of materials in the Library section of this site. Particularly interesting are the lengthy but informative Professor Boni paper on Settlement Failures in US Markets (wherein she reveals that the average failure lasts 56 days, and that buy-ins are rarer than passenger pigeons), Professor Finnerty's paper on naked short selling, a position paper from the ASBA, the transcript of the NASAA symposium on naked short selling, the Time Magazine article on naked short selling, and the SEC's FAQ page and associated editorial by Bob O'Brien.
5) Listen to the podcasts linked from the Podcast section to hear comment on the topic from a variety of commentators.
6) Read some of the blogs in the Blogs section. By this point you will have a better than fair grasp of the issues, and will appreciate the perspective and topics being fielded by our blogging gang.