TheStreet.com RealMoney

It's Time to Name Names on Manipulation

By Jim Cramer

 About this article:
 Who? Who did what? Who manipulated oil up? Who caused the spike? Who manipulated stocks, as we all know happened, with naked shorting? Manipulation is a crime. We know that. We know that the CFTC has figured out traders manipulated. Why not turn them over to the authorities? We know short-sellers used naked shorting to manipulate stocks. Once again, though, the operative term is manipulation. It is true that the SEC had outlawed naked shorting, but manipulation is illegal and was illegal. We need names. We can put all the rules we want in place. But we need to go after the manipulators, and no one seems to have the guts in any of these organizations to name names and make people pay. It doesn't even seem to dawn on them, although the trading records most likely make everything clear. Someone took down Goldman Sachs and Morgan Stanley. Someone raided them...

You have just read the beginning of a premium article from our RealMoney Service. To read the rest of this article and sign up for a FREE trial please click below.

ACCESS STORY & START A FREE 14-Day Trial
Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET.
Outside the U.S. and in Canada, call 1-212-321-5200.



Already a RealMoney subscriber? LOG IN.
Username: Page data is submitted securely.
Password:
Forgot your Password? Click here


100% Money-Back Guarantee
If you decide to subscribe and you're not completely satisfied with TheStreet.com RealMoney, just call us within the first 30 days of your subscription and we'll refund your full annual subscription price — guaranteed.




If you choose a 14-day free trial of RealMoney and you do NOT call to cancel within those 14 days, you will pay $129.95 — a $100 savings off the regular annual subscription price of $229.95. Unless you cancel before the end of that year, your subscription will automatically renew for another year at the then-current subscription price.

Offer applies only to new annual subscriptions, and is subject to change at any time. Void where prohibited.

If you choose a monthly subscription, you pay $34.95 per month. You will be notified if the current monthly rate of $34.95 changes at any time in the future.

TheStreet.com is a publisher. None of the contributors or their affiliates will provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. From time to time, any or all of the contributors or their affiliates may hold positions in securities mentioned and they may trade for their own accounts. In cases where the position is held at the time of publication, appropriate disclosure is made.

© TheStreet.com, Inc., 14 Wall Street, 15th Floor, New York, NY 10005.