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Petition Tag - states
This petition is about the-n not showing accidents will happen in the united states but they showed in canada other kids and i think that's not fair because we are no diffrent than them we all watch the same show so why not show it, it's apart of life so thats why im making this petition.
So in accidents will happen manny gets pregnant by craig but she doesn't know if she's going to keep it or not. Craig wants manny to have the baby and so does emma but manny's not sure, so manny goes to spike and askes her for help and spike says whatever you do im right behind you 100%, but manny says her mom will kill her so she goes and gets the abortion instead.
Come on New York dont you think it is time to make fireworks legal.
Sure they may be dangerous but only if u handle them in an unsafe manner. What makes the other 43 states in the united states legal to light fireworks.
UPDATE JUNE 27, 2005
USINPAC thanks everyone who signed this petition and supported this petition drive.
House Speaker Dennis Hastert (R-Ill) confirmed today that Prime Minister of India Dr. Manmohan Singh will address a Joint Session of Congress on July 19, 2005 at 10:00 AM when he pays a state visit to the United States. Dr. Singh is the first Prime Minister of India on a state visit post 9/11. This makes this visit a very special occasion and is of great significance to the growing strategic relations between India and the United States.
House Majority Leader Tom DeLay (R-TX) in a discussion with USINPAC mentioned that he is excited and delighted that Prime Minister Singh is paying a state visit to the Capital and looks forward to welcoming him.
US India Political Action Committee (USINPAC) is delighted that the Joint Session of Congress for Prime Minister Manmohan Singh is now confirmed.
June 27, 2005
Fellow Indian Americans, we must come together as a 2 million strong community in the United States and urge the US Congress to invite Prime Minister Manmohan Singh to address a Joint Session of Congress during his visit to Washington in July.
Dr. Manmohan Singh is the first Indian Prime Minister to visit Washington after September 11, 2001. This will also be Dr. Singh's first official visit to Washington as Prime Minister of India.
Dr. Singh represents a nation that is the world's largest democracy, has the second largest population in the world, has the second fastest growing economy in the world, and has the fourth largest purchasing-power parity in the world. Furthermore, India and the US have shared values of Democracy and rule of law .
Our grassroots message, therefore, to the US Congress is that India is no longer just a regional power, but indeed is ready to be, as President Bush has recently suggested, a global partner of the United States.
WHY IS THIS IMPORTANT?
The most recent world leaders who addressed a Joint Session of Congress have been Mexican President Vicente Fox, British Prime Minister Tony Blair, Spanish President José Maria Áznar, Afghan President Hamid Karzai, Interim Iraqi Prime Minister Ayyad Allawi, and Ukrainian President Viktor Yuschenko.
The Indian American community must come together as an active and united voice to urge the US Congress to invite Prime Minister Singh in this prestigious list of strong allies of the United States who have had the privilege of addressing a Joint Session of Congress.
Support USINPAC - devoted to defending the interests of the Indian American community. USINPAC will be submitting this petition with your signature to the Congressional Leadership in the Senate and the House. So make your voice heard and sign the petition! ACT NOW to extend your valuable support to USINPAC and contribute. Any contribution from you would enormously strengthen our efforts.
Currently, home schooling is a state regulated system, the problem is states range from virtually no oversight to the education home schooled children receive to overregulation where parents have numerous beauracracy hoops to jump through just for them to ensure their child receives the education they desire for their children.
According to the National Center for Educational Statistics 31% of homeschooled parents noted their reasons for doing so because of concern about the school environment, another 30% because they wanted their children to have religious or moral instruction. Parents who are committed to their children's education should be allowed to do so without being overwhelmed with forms and imposition.
I have put together a plan after researching the opinions of numerous homeschool parents, government concerns, opposition to homeschooling. From that I devised a plan that would seem to satisfy all concerns. Please sign the petition so children can all be guaranteed an education that adequately prepares them for the future.
My proposal is as follows:
Parents are required to submit an individualized home instruction plan or IHIP.
1. Included in the IHIP must be a list of courses to be taught.
2. The materials that will be used to conduct instruction.
3. The intended knowledge the child will gain through each course.
B. Parents are also required to submit quarterly portfolios to their school district. The portfolio should include
1. The course work completed by the child.
2. And a schedule documenting dates and times instruction was conducted.
C. Children must be exposed to a diversity of lifestyles.
1. In other words, a child should be allowed to make an informed decision about the type of lifestyle they choose. Children should not be mere extensions of their parents.
2. Children shall learn civic education.
a. Children should have knowledge of the rights entitled to them as a citizen of the United States.
b. Have a general knowledge of how policy comes about.
c. Conduct lessons in tolerance of different cultures etc.
D. Concessions for home schooling families. Parents are granted the opportunity to have access to public school textbooks, libraries, career counseling, purchasing power of the district, online courses, and extracurricular activities.
95. SSI Reform Act
This petition is to instruct the Congress of these United States Of America to pass legislative law, that would collect a 2% tarriff on all goods coming into this county made by American Off Shore Companies. This Tarriff would then be deposited into the Social Security Trust Fund.
This action would more than save Social Security - it would ensure the safety net of life for all our Seniors for as long as the program remained in exsistance.
Single payer health insurance is standard in most of the developed world.
The United States, its companies and its workers cannot compete against nations where health care is standard infrastructure.
Whereas: The escalating costs of health insurance and health care are creating unprecedented strains on our economy;
Whereas: our businesses function in a global economy where healthcare is provided as infrastructure for the competition;
Whereas: there are presently 45 million uninsured Americans;
Whereas: healthcare costs are a leading cause of corporate and personal bankruptcies; and
Whereas: our spending on Medicare and Medicaid alone exceeds per capita spending for universal coverage in other developed countries;
Whereas: the federal, state and local governments of the United States already spend 45% of all healthcare dollars;
Whereas: healthcare costs continue to grow at a rate in excess of three times the Consumer Price Index, growth which cannot be sustained.
We, the undersigned, do hereby petition the Congress of the United States to establish a system of Universal Healthcare for all Americans.
Such a system would embody the following features:
(a) Care and coverage universally available for all;
(b) Freedom to choose service provider;
(c) Single-payer insurance similar to other developed nations.
P2P (peer-2-peer) users have been in a constant fight against the RIAA, MPAA, and even the FBI. Some people may say that P2P users should be punished for the breaking of copyright laws. Others say that data should be free for distribution. Millions of people in the past, the present, and hopefully the future will be using P2P.
The question comes down to do you think P2P users should be pursuited or not. US code Section 2319 of Title 18/Part I/Chapter 113 has given the government the ability to charge P2P users with a crime.
Amendment I - Freedom of Religion, Press, Expression.
Ratified 12/15/1791. Note
Congress shall make no law respecting an establishment of
religion, or prohibiting the free exercise thereof; or
abridging the freedom of speech, or of the press; or the
right of the people peaceably to assemble, and to petition
the Government for a redress of grievances.
We, the undersigned, respectfully request redress of the
grievances below, as we believe that, as provided for all
under the Constitution of the United States of America, all
men are created equal.
Whereas, if a common person owed a considerable amount
of capital to a Federal agency, it would be required by law
that the debt be paid otherwise the person could be
convicted of theft and/or have his/her assets liquidated to
compensate for the said debt,
Whereas, it is a crime punishable by law to sell anything
that is not individually owned by the seller, or without the
consent of the legitimate owner,
Whereas, it is a crime, according to the Constitution of the
United States of America, to counterfeit United States
securities and current coin,
Whereas, it is the duty of the United States Congress
under Constitutional law, To provide for the Punishment of
counterfeiting the Securities and current Coin of the United
Whereas, it is the duty of the United States Congress to
make all Laws which shall be necessary and proper for
carrying into Execution the foregoing Powers, and all other
Powers vested by this Constitution in the Government of
the United States, or in any Department or Officer thereof,
We respectfully request that the following questions be
If the above statements are true, with the Constitution of
the United States of America providing much of the
evidence, how can another set of rules be adopted by the
Securities and Exchange Commission, without the approval
If counterfeiting is indeed a crime, what would the
difference be as opposed to naked short selling?
The following excerpt is available for viewing at the
Securities and Exchange Commission's website, otherwise
the outright approval to counterfeit for self regulatory
Naked short selling is not necessarily a violation of the
federal securities laws or the Commission's rules. Indeed,
in certain circumstances, naked short selling contributes to
market liquidity. For example, broker-dealers that make a
market in a security4 generally stand ready to buy and sell
the security on a regular and continuous basis at a publicly
quoted price, even when there are no other buyers or
sellers. Thus, market makers must sell a security to a
buyer even when there are temporary shortages of that
security available in the market. This may occur, for
example, if there is a sudden surge in buying interest in
that security, or if few investors are selling the security at
that time. Because it may take a market maker
considerable time to purchase or arrange to borrow the
security, a market maker engaged in bona fide market
making, particularly in a fast-moving market, may need to
sell the security short without having arranged to borrow
shares. This is especially true for market makers in thinly
traded, illiquid stocks such as securities quoted on the OTC
Bulletin Board,5 as there may be few shares available to
purchase or borrow at a given time.
Regulation SHO, the threshhold securities list, a feable
attempt to appease investors, and forgive past abuses by
clearance corporations, market makers, and hedgefunds.
III. Regulation SHO
Compliance with Regulation SHO began on January 3,
2005. Regulation SHO was adopted to update short sale
regulation in light of numerous market developments since
short sale regulation was first adopted in 1938. Some of
the goals of Regulation SHO include:
Establishing uniform "locate" and "close-out" requirements
in order to address problems associated with failures to
deliver, including potentially abusive "naked" short selling.
Locate Requirement: Regulation SHO requires a broker-
dealer to have reasonable grounds to believe that the
security can be borrowed so that it can be delivered on the
date delivery is due before effecting a short sale order in
any equity security.6 This "locate" must be made and
documented prior to effecting the short sale.
"Close-out" Requirement: Regulation SHO imposes
additional delivery requirements on broker-dealers for
securities in which there are a relatively substantial
number of extended delivery failures at a registered
clearing agency7 ("threshold securities"). For instance,
with limited exception, Regulation SHO requires brokers
and dealers that are participants of a registered clearing
agency8 to take action to "close-out" failure-to-deliver
positions ("open fails") in threshold securities that have
persisted for 13 consecutive settlement days.9 Closing out
requires the broker or dealer to purchase securities of like
kind and quantity. Until the position is closed out, the
broker or dealer and any broker or dealer for which it clears
transactions (for example, an introducing broker)10 may
not effect further short sales in that threshold security
without borrowing or entering into a bona fide agreement
to borrow the security (known as the "pre-borrowing"
Temporarily suspending Commission and SRO11 short sale
price tests12 in a group of securities to evaluate the overall
effectiveness and necessity of such restrictions. The
Commission will study the impact of relaxing the price tests
for a period of one year.13
Creating uniform order marking requirements for sales of
all equity securities. This means that orders you place with
your broker-dealer must be marked "long," "short," or
IV. Threshold Securities
A. The Basics
1. What is a Threshold Security?
Threshold securities are equity securities that have an
aggregate fail to deliver position for:
five consecutive settlement days at a registered clearing
agency (e.g., National Securities Clearing Corporation
totaling 10,000 shares or more; and
equal to at least 0.5% of the issuer's total shares
Threshold securities only include issuers registered or
required to file reports with the Commission ("reporting
companies").17 Therefore, securities of issuers that are not
registered or required to file reports with the Commission,
which includes the majority of issuers on the Pink
Sheets,18 cannot be threshold securities. This is because
the SROs need to look to the total outstanding shares of
the issuer in order to calculate whether or not the
securities meet the definition of a "threshold security." For
non-reporting companies, reliable information on total
outstanding shares is difficult to determine.
2. Who is Responsible for Identifying Threshold Securities?
Regulation SHO requires the SROs to disseminate a daily
list of threshold securities where such SRO, or its market
center,19 is the primary listing venue for any such
3. Where Can I Find Threshold Lists?
Each SRO is responsible for providing the threshold
securities list for those securities for which the SRO is the
primary market. You can obtain SRO threshold lists at the
(includes Nasdaq issues, OTCBB, and other OTC issues)
Da_RegSHO.jsp (Amex listed securities only)
The Boston Stock Exchange, Philadelphia Stock Exchange
and National Stock Exchange are not the primary listing
exchange for any securities at this time and, therefore, are
currently not publishing threshold securities lists.
4. Inclusion on, and Removal from, Threshold Lists.
At the conclusion of each settlement day, NSCC provides
the SROs with data on securities that have aggregate fails
to deliver at NSCC of 10,000 shares or more. For the
securities for which an SRO is the primary market, that
SRO calculates whether the level of fails for each security is
equal to, or greater than, 0.5% of the issuer's total shares
outstanding of the security. If, for five consecutive
settlement days, such security satisfies these criteria, then
such security is a threshold security. Each SRO includes
such security on its daily threshold list until the aggregate
fails level for the security falls below these levels for five
consecutive days. (See below for a discussion as to why a
security may appear or remain on a threshold list.)
5. Implementation Dates for Threshold Lists.
The SROs disseminated the first threshold lists on January
10, 2005. Regulation SHO does not require a broker or
dealer to close-out the open fail position until a security
appears on a threshold list for 13 consecutive settlement
days and an open fail position for such security exists for
each of those days.. Therefore, the first day on which a
close-out action could have been required for a threshold
security was January 28, 2005.
6. Mandatory Close-Outs of Threshold Securities.
Regulation SHO requires broker-dealers to close-out all
failures to deliver that exist in threshold securities for
thirteen consecutive settlement days by purchasing
securities of like kind and quantity ("close-out").20
Until the position is closed out, the broker or dealer and
any broker or dealer for which it clears transactions (for
example, an introducing broker),21 may not effect further
short sales in that threshold security without borrowing or
entering into a bona fide agreement to borrow the security
(known as a "pre-borrowing" requirement).
7. Key Points to Remember.
Any equity security of an issuer that is registered or
required to file reports with the Commission could qualify
as a threshold security. Therefore, threshold securities may
include equity securities:
listed on an exchange, 22
quoted on Nasdaq,23 or
quoted on the OTCBB.24
Whether or not a security is a threshold security does not
affect the Commission's ability to prosecute manipulative
or fraudulent activity that may have occurred before or
after adoption of Regulation SHO.
B. Reasons Why A Security May Appear on a Threshold List
A security's appearance on a threshold list does not
necessarily mean that any improper activity has occurred
or is occurring. An equity security will appear on a
threshold list if it meets the definition of a threshold
security set forth in Regulation SHO, meaning that failures
to deliver the stock (i.e. to the party on the other side of
the trade) have reached an aggregate of 10,000 shares or
greater at NSCC for five consecutive settlement days and
are equal to 0.5% of total shares outstanding;
C. Reasons Why A Security May Stay on a Threshold List
for Longer Than 13 Consecutive Settlement Days
Even when broker-dealers close-out delivery failures, a
security may remain on an SRO's threshold securities list
for longer than 13 days. Examples of why securities may
remain on the threshold securities list:
after broker-dealers close-out all delivery failures, the
security stays on the threshold list for five consecutive
new delivery failures resulting from long or short sales may
have crossed the threshold, keeping the security on the
SRO's threshold securities list; or
the delivery failures at NSCC may have been established
prior to a security's appearance on the SRO's threshold
securities list, and are grandfathered from the close-out
requirement of Regulation SHO.
For information about specific securities, contact the
appropriate SRO or its market center listed above.
D. Reasons Why A Security With a Large Short Position
May Not Appear on a Threshold List
There are various reasons why an equity security with a
large short position may not appear on an SRO's threshold
securities list, 25 for example:
the aggregate delivery failures do not meet the definition of
a threshold security in Regulation SHO;
the security's issuer is not registered or required to file
reports with the Commission. For instance, the majority of
issuers quoted on the Pink Sheets do not file reports or
register with the Commission, and so would not appear on
E. Who Do I Contact For More Information About Securities
On a Threshold List?If you have a question regarding a
security on a particular SRO's threshold security list,
contact that SRO directly. F. Grandfathering
Under Regulation SHO
The requirement to close-out fail to deliver positions in
threshold securities that remain for 13 consecutive
settlement days does not apply to positions that were
established prior to the security becoming a threshold
security. This is known as "grandfathering." For example,
open fail positions in securities that existed prior to the
effective date of Regulation SHO on January 3, 2005 are
not required to be closed out under Regulation SHO.
The grandfathering provisions of Regulation SHO were
adopted because the Commission was concerned about
creating volatility where there were large pre-existing open
positions. The Commission will continue to monitor
whether grandfathered open fail positions are being
cleaned up under existing delivery and settlement
guidelines or whether further action is warranted.
It is important to note that the "grandfathering" clause of
the Regulation does not affect the Commission's ability to
prosecute violations of law that may involve such securities
or violations that may have occurred before the adoption of
Regulation SHO or that occurred before the security
became a threshold security.
How many stocks on the threshhold securities list have
remained there for more than the time the regulation
How many "forced buy-ins" have occurred?
How can the Securities and Exchange Commission
guarantee limited liability for negligence and/or misconduct
to any entity or establishment without the approval of
See rule below:
SECURITIES AND EXCHANGE COMMISSION
(Release No. 34-51669; File No. SR-NSCC-2004-09)
May 9, 2005
Self-Regulatory Organizations; National Securities Clearing
Corporation; Order Approving Proposed Rule Change to
Establish a Comprehensive Standard of Care and Limitation
of Liability to its Members
On December 8, 2004, the National Securities Clearing
Corporation ("NSCC") filed with the Securities and
Exchange Commission ("Commission") proposed rule
change SR-NSCC-2004-09 pursuant to Section 19(b)(1) of
the Securities Exchange Act of 1934 ("Act").1 Notice of the
proposal was published in the Federal Register on April 6,
2005.2 No comment letters were received. For the reasons
discussed below, the Commission is approving the proposed
NSCC is establishing a comprehensive standard of care and
limitation of liability with respect to its members.
Historically, the Commission has left to user-governed
clearing agencies the question of how to allocate losses
associated with, among other things, clearing agency
functions.3 The Commission has reviewed clearing agency
services on a case-by-case basis and in determining the
appropriate standard of care has balanced the need for a
high degree of clearing agency care with the effect the
resulting liabilities may have on clearing agency
1 15 U.S.C. 78s(b)(1).
2 Securities Exchange Act Release No. 51458 (March 31,
2005), 70 FR 17494.
3 Securities Exchange Act Release Nos. 20221 (September
23, 1983), 48 FR 45167 and 22940 (February 24, 1986),
51 FR 7169.
operations, costs, and safekeeping of securities and funds.4
Because standards of care represent an allocation of rights
and liabilities between a clearing agency and its members,
which are generally sophisticated financial entities, the
Commission has refrained from establishing a unique
federal standard of care and generally has allowed clearing
agencies and other self-regulatory organizations and their
members to establish their own standards of care.5 In
addition, the Commission has recognized that a gross
negligence standard of care is appropriate for certain
noncustodial functions where a clearing agency, its board
of directors, and its members determine to allocate risk to
individual service users.6
NSCC believes that adopting a uniform rule7 limiting
NSCC's liability to its members to
6 Securities Exchange Act Release No. 26154 (October 3,
1988), 53 FR 39556. NSCC's services provided to members
are noncustodial in that, other than clearing fund deposits,
it does not hold its members funds or securities.
7 New Section 2 of Rule 58 states:
SEC. 2. Notwithstanding any other provision in the Rules:
(a) The Corporation will not be liable for any action taken,
or any delay or failure to take any action, hereunder or
otherwise to fulfill the Corporation's obligations to its
Members including Settling Members, Settling Bank Only
Members, Municipal Comparison Only Members, Insurance
Carrier Members, TPA Members, Mutual Fund/Insurance
Services Members, Non-Clearing Members, Fund Members
and Data Services Only Members, other than for losses
caused directly by the Corporation's gross negligence,
willful misconduct, or violation of Federal securities laws for
which there is a private right of action. Under no
circumstances will the Corporation be liable for the acts,
delays, omissions, bankruptcy, or insolvency, of any third
party, including, without limitation, any depository,
custodian, sub-custodian, clearing or settlement system,
transfer agent, registrar, data communication service or
delivery service ("Third Party"), unless the Corporation was
grossly negligent, engaged in willful misconduct, or in
direct losses caused by NSCC's gross negligence, willful
misconduct, or violation of Federal
violation of Federal securities laws for which there is a
private right of action in selecting such Third Party.
(b) Under no circumstances will the Corporation be liable
for any indirect, consequential, incidental, special, punitive
or exemplary loss or damage (including, but not limited to,
loss of business, loss of profits, trading losses, loss of
opportunity and loss of use) howsoever suffered or
incurred, regardless of whether the Corporation has been
advised of the possibility of such damages or whether such
damages otherwise could have been foreseen or prevented.
(c) With respect to instructions given to the Corporation by
a Special Representative/Index Recipient Agent, the
Corporation shall have no responsibility or liability for any
errors which may occur in the course of transmissions or
recording of any transmissions or which may exist in any
magnetic tape, document or other media so delivered to
(d) With respect to the Corporation's distribution facilities,
the Corporation assumes no responsibility whatever for the
form or content of any tickets, checks, papers, documents
or other material (other than items prepared by it)placed in
the boxes in its distribution facilities assigned to each
Settling Member, Municipal Comparison Only Member,
Insurance Carrier Member, TPA Member, Fund Member and
Data Services Only Member, or otherwise handled by the
Corporation; nor does the Corporation assume any
responsibility for any improper or unauthorized removal
from such boxes or from the Corporation's facilities of any
such tickets, checks, papers, documents or other material,
including items prepared by the Corporation.
(e) With respect to Fund/Serv transactions, the
Corporation will not be responsible for the completeness or
accuracy of any transaction or instruction received from or
transmitted to a Settling Member, Data Services Only
Member, TPA Member, TPA Settling Entity, Mutual Fund
Processor or Fund Member through Fund/Serv, nor for any
errors, omissions or delays which may occur in the
transmission of a transaction or instruction to or from a
Settling Member, Data Services Only Member, TPA
Member, TPA Settling Entity, Mutual Fund Processor or
(f) The Corporation will not be responsible for the
completeness or accuracy of any IPS Data and Repository
Data received from or transmitted to an Insurance Carrier
Member, Member or Data Services Only Member through
IPS nor for any errors, omissions or delays which may
occur in the transmission of such IPS Data and Repository
Data to or from an Insurance Carrier Member, or Data
Services Only Member.
securities laws for which there is a private right of action
will: (1) memorialize an appropriate commercial standard of
care that will protect NSCC from undue liability;8 (2)
permit the resources of NSCC to be appropriately utilized
for promoting the accurate clearance and settlement of
securities; and (3) will be consistent with similar rules
adopted by other self-regulatory organizations and
approved by the Commission.9
Section 19(b) of the Act directs the Commission to approve
a proposed rule change of a self-regulatory organization if it
finds that such proposed rule change is consistent with the
requirements of the Act and the rules and regulations
thereunder applicable to such organization. Section
17A(b)(3)(F) of the Act requires that the rules of a clearing
agency be designed to assure the safeguarding of securities
and funds which are in its custody or control.10 The
Commission believes that NSCC's rule change is consistent
with this Section because it will permit the resources of
NSCC to be appropriately utilized to protect funds and
8 NSCC has always operated under a gross negligence
standard of care and both internal and external counsel
have consistently advised members that this is the case.
NSCC is seeking to eliminate any confusion due to the
absence of a clear standard set forth in its rules and to
memorialize its historical practice. In addition, NSCC has in
effect a service agreement with the Fixed Income Clearing
Corporation ("FICC") pursuant to which FICC provides
services for NSCC's fixed income products. This service
agreement provides for a gross negligence standard of care.
In the absence of this new rule, NSCC could be in the
position of having to pay for losses caused by FICC that are
not recoverable under the agreement.
9 See, e.g., Securities Exchange Act Release Nos. 37421
(July 11, 1996), 61 FR 37513 [File No. SR-CBOE-96-02];
37563 (August 14, 1996), 61 FR 43285 [File No. SR-PSE-
96-21]; 48201 (July 21, 2003), 68 FR 44128 [File No. SR-
GSCC-2002-10]; and 49373 (March 8, 2004), 69 FR
11921 [File No. SR-FICC-2003-09].
10 15 U.S.C. 78q-1(b)(3)(F).
Although the Act does not specify the standard of care that
must be exercised by registered clearing agencies, the
Commission has determined that a gross negligence
standard of care is acceptable for noncustodial functions
where a clearing agency and its participants contractually
agree to limit the liability of the clearing agency.11 NSCC's
functions are noncustodial in that it does not hold its
members' funds or securities. It is reasonable for NSCC,
which is member-owned and governed, and its members to
agree through board approval of the proposed rule change
and to contract with one another in a cooperative
arrangement as to how to
11 In the release setting forth standards that would be
used by the Division of Market Regulation in evaluating
clearing agency registration applications, the Division of
Market Regulation urged clearing agencies to embrace a
strict standard of care in safeguarding participants' funds
and securities. Securities Exchange Act Release No. 16900
(June 17, 1980), 45 FR 4192. In the release granting
permanent registration to The Depository Trust Company,
the National Securities Clearing Corporation, and several
other clearing agencies, however, the Commission
indicated that it did not believe that sufficient justification
existed at that time to require a unique federal standard of
care for registered clearing agencies. Securities Exchange
Act Release No. 20221 (October 3, 1983), 48 FR 45167.
In a subsequent release, the Commission stated that the
clearing agency standard of care and the allocation of rights
and liabilities between a clearing agency and its participants
applicable to clearing agency services generally may be set
by the clearing agency and its participants. In the same
release, the Commission stated that it should review
clearing agency proposed rule changes in this area on a
case-by-case basis and balance the need for a high degree
of clearing agency care with the effect resulting liabilities
may have on clearing agency operations, costs, and
safeguarding of securities and funds. Securities Exchange
Act Release No. 22940 (February 24, 1986), 51 FR 7169.
Subsequently, in a release granting temporary registration
as a clearing agency to The Intermarket Clearing
Corporation, the Commission stated that a gross
negligence standard of care may be appropriate for certain
noncustodial functions that, consistent with minimizing
risk mutualization, a clearing agency, its board of directors,
and its members determine to allocate to individual service
users. Securities Exchange Act Release No. 26154 (October
3, 1988), 53 FR 39556. Finally, in a release granting the
approval of temporary registration as a clearing agency to
the International Securities Clearing Corporation, the
Commission indicated that historically it has left to user-
governed clearing agencies the question of how to allocate
losses associated with noncustodial, data processing,
clearing agency functions and has approved clearing
agency services embodying a gross-negligence standard of
care. Securities Exchange Act Release No. 26812 (May 12,
1989), 54 FR 21691.
allocate NSCC's liability among NSCC and its members.
Therefore, the Commission has determined that given the
noncustodial nature of NSCC's services, a gross negligence
standard of care and limitation of liability is allowable for
On the basis of the foregoing, the Commission finds that
the proposed rule change is consistent with the
requirements of the Act and in particular Section 17A of
the Act and the rules and regulations thereunder.
IT IS THEREFORE ORDERED, pursuant to Section 19(b)(2)
of the Act, that the proposed rule change (File No. SR-
NSCC-2004-09) be and hereby is approved.
12 The Commission notes that the rule change does not
alleviate NSCC from liability for violation of the Federal
securities laws where there exists a private right of action
and therefore is not designed to adversely affect NSCC's
compliance with the Federal securities laws and private
rights of action that exist for violations of the Federal
For the Commission by the Division of Market Regulation,
pursuant to delegated authority.13
Margaret H. McFarland
13 17 CFR 200.30-3(a)(12).
If, all men are created equal, we should live and be
governed by one set of laws,rules, and regulations, instead
of certain privileged individuals and corporations, having
the influence to have laws, rules, and regulations,
constructed to their advantages. America was once the
"land of opportunity" for everyone regardless of race,
religion, age, sex, or financial status. It has became the
"land of opportunity" for those who have the ability to
manipulate and control. Sadly, it is "puppetmasters" such
as these that are responsible for financing drug trafficking,
terrorism, corporate crime, and crimes against the liberties
that this country was founded upon.
Companies and shareholders are being robbed of their
dreams, as well as their investments. If these injustices
are permitted, and the criminals have laws taylored to
meet their needs, I say this is not the country our
founding fathers thought to be the land of liberty.
If a person puts all of his effort towards the "American
dream", only to have the dream stolen from him, and the
government permits the abuses without imposing
penalties, I say we have ceased to become what our
founding fathers called America.
I request that you redress the United States Securities and
Exchange Commission and the following regulations and
SECURITIES AND EXCHANGE COMMISSION
17 CFR PARTS 240, 241 and 242
[Release No. 34-50103; File No. S7-23-03]
The United States Congress was placed in charge to direct
commissions such as these with regards to rules and
regulations that are in the best interests of the investor,
and not just a choice few. These commissions do not have
the broad knowledge needed to regulate and legislate
themselves, nor do they have that authority.
What the investors and publicly traded companies of
America want is a fair market, free of corruption. This
cannot be done if the commission is permitted to legislate
themselves, for they have became tainted and biased in
the eyes of the common investor.
The U.S. Securities and Exchange Commission is more
than aware of the corruption and abuse that has infiltrated
the stock market in the past as well as the present, yet
they have neglected to take action to provide relief to
companies and investors. The following petition is available
for viewing on the U.S. Securities and Exchange
Commission's website, along with many other letters
voicing complaints to the commission about naked short
selling, regulation SHO, price manipulation, clearance
corporations, and hedgefunds. This petition was sent to
the U.S. Securities and Exchange Commission from R.
Cromwell Coulson, Chairman and CEO of the Pink Sheets.
Dear OTC Investor:
I am writing to alert you of a very important rule change
that is needed to improve the OTC marketplace. I need
your help to make regulators turn on the lights and protect
investors from the menace of hidden short selling in the
I think you'll agree that this issue deserves the small
amount of your time it will take for you to tell the SEC
what you think about this issue.
As Chairman & CEO of the Pink Sheets, I know perhaps
better than anyone the importance of improving the Pink
Sheets and OTCBB trading. And I know the devastating
impact that small companies face when their market is
tarnished by the threat of manipulation.
There is a crisis facing the OTC market today in the lack of
short sale position reporting and disclosure for OTC issues.
This lack of transparency regarding short selling in the OTC
market allows fraudulent acts to go undiscovered and
manipulative short sellers to hide.
I believe regulators should fix the problem. Small issuers
traded on the Pink Sheets and the OTCBB deserve the
same transparency and regulatory oversight of short selling
as those listed on Exchanges or NASDAQ.
Therefore, Pink Sheets has petitioned the SEC to cause the
amendment of NASD Rule 3360 and require NASD broker
dealers to maintain a record of total "short" positions in all
customer and proprietary firm accounts in all publicly
traded equity securities as well as report this information to
the NASD for public dissemination of the short positions by
security. The SEC's action is urgently needed to prevent
fraudulent acts, expose market manipulation, promote fair
principles of trade and protect investors.
Our full rule change request is available for you to read at:
comments by other concerned OTC market participants are
available at: http://sec.gov/rules/petitions/4-500.shtml
But I cannot make this important rule change happen
without your help. Thus I'm asking you to write a letter
today, and voice your support to the SEC for the Pink
Sheets' Request for Rulemaking Regarding Member Records
of "Short" Positions and Reporting and Public
So please send your comments via Email to: rule-
email@example.com with a Cc: copy to: firstname.lastname@example.org
Or, if it's more convenient, you can mail your comments
Jonathan G. Katz
Secretary, Securities Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
With a copy to:
Barbara Z. Sweeney
Senior Vice President and Corporate Secretary, NASD
1735 K Street, NW
Washington DC 20006-1500;
Either way, your Email or letter should refer to SEC File No.
4-500. Request for Rulemaking Regarding Member Records
of "Short" Positions and Reporting and Public Dissemination
of Aggregate Positions by Security.
I know I'm asking you to do a lot. But it's important that
we make the OTC market transparent and fairly regulated.
I think you'll agree that this issue deserves the small
amount of your time to tell the SEC what you think about
Remember, the only way to succeed in achieving this rule
change is through the public outcry of investors demanding
the SEC make this needed improvement to the OTC
markets, and there is no substitute for your personal voice
in this debate. This important rule change is not going to
happen if you remain silent.
So please, don't rely on others to get the job done. Write
your Emails or letters today. Together, we must win this
battle and convince the SEC not to treat the OTC
secondary markets for small companies as second class
Without this rule change investors and securities
regulators will be blind to any short selling activity in Pink
Sheets and OTCBB stocks. The SEC needs to know that the
lack of short sale information in your securities is
unacceptable and demand they change NASD Rule 3360
I'm asking for your help to improve this critical part of the
securities market, so that companies like yours will be
traded in transparent, efficient and well regulated OTC
markets. Please do your part by writing your Email or letter
today. Every voice counts in the debate, and yours could
be the one that puts us over the top.
Thank you for your time and help in this fight.
R. Cromwell Coulson
Chairman & CEO
P.S. We can only succeed in making these rule changes
with your help. So please, take action today. And once
again, thank you very much for your help.
Note: To comment to the SEC via Internet, use rule-
email@example.com with a Cc: copy to: firstname.lastname@example.org
File No. 4-500. Request for rulemaking regarding member
records of "short" positions and reporting and public
dissemination of aggregate positions by security.
SEC Public Petition page:
Pink Sheets request is available at:
Comments by other concerned OTC market participants are
available at: http://sec.gov/rules/petitions/4-500.shtml
I humbly ask that you do all that is within your power to
correct that which needs to be corrected.
By the end of 2001, a record 6.6 million people were in the United States correctional system. One in every 32 adults was either in prison or on parole. Almost 4 million people were on probation at the end of 2001, up 2.8 percent over 2000. The prison population grew by 1.1 percent, the smallest annual increase in nearly three decades.
The increased number of prisoners has resulted in increased numbers of released prisoners seeking to reenter mainstream society. This is creating a major social and public policy problem in the United States. People enter prisons poorly equipped to be productive members of society and they typically leave prison in worse shape than they enter it. The problem of recidivism is partially due to this poor preparation for the world outside of prison. Ex-offenders cannot find or hold jobs and before long many renew a life of crime and are returned to jail.
Marc Mauer, assistant director of the Sentencing Project, a Washington think tank that follows criminal-justice issues, said the laws are taking jobs away from people who served time for their mistakes and have since put their lives back together.
"You have lots of felons who were convicted 20 years ago and who haven't been involved in a crime since," he said.
The vast majority of those in jail do not present a direct, violent threat to the average citizen. Many are drug addicts and dealers, and a large number are illegal aliens. Hardened, violent criminals are a minority of those incarcerated. Unfortunately, the conditions in prisons themselves and the stigma of having a criminal record often lead those incarcerated to increasing levels of anti-social behavior.
What happens to those of us that have complied with and have truely been rehabilatated? We deserve to work and take care of our families. After all, we paid our debt to society.
Imposing religious and moral law will only lurch a state to more theocracy (rather than democracy) where it could undermine religious tolerance and civil liberty in the country.
The September 11, 2001 event was an act of revulsion that was committed in the name of Islam, and Islamic States including Malaysia and Arab countries blunted their criticism relatively to the U.S. occupation of Muslim land in the Arab world or U.S. affiliation with repressive regimes in Muslim countries counting mainly at U.S. support for the State of Israel as the root of terrorism.
Theocratical states (especially Islamic states these days) are less venerating to democracy and human rights. They draw religious lines between Muslim and Non-Muslim moving the Islamic world to fanaticism, while others may label it Islamo Fascism.
International Human Rights Standards are at the very foundation for civil society. It is crucial that the United States assume a leadership role in advancing and enforcing those standards. The United States can not maintain its status as the benchmark for international human rights by continuing to ignore those of women.
"Womyn Advocating for Rights" champions legislation and initiatives that promote social justice and equality in the United States and abroad.
April 27, 2005
The United States currently incarcerates more people than any other nation on the planet. One in thirty-two people in America has served time in prison. Yet, they continue to draft and enact legislation which can only be called "Vindictive Justice" and enables the judicial system to incarcerate even more of the citizens for even longer terms (eg., H.R. 1528 and Mandatory Minimums).
One of the last "advanced" civilizations to keep and practice the death-penalty, I think it's high time that they advertise their true colors more appropriately by amending the National Anthem to reflect the reality of the nation:
The current anthem contains the phrase: "Land of the free". This should be changed to "Land of the imprisoned".
This more approppraitely reflects the reality of the land.
The intent of this petition is to protect veterans' benefits and have Rep. Buyer removed as the Chairman of House Veterans' Affairs Committee.
Rep. Buyer seeks to redefine who is a veteran. We must not allow Congress to redefine who is a veteran. We cannot allow Congress to restructure veterans' benefits and reshape the definitions of disability. Redefine at a time when over 10,000 young men and women have been wounded in Iraq and Afghanistan, at a time when young men and women have become disabled while training to serve in Iraq and Afghanistan. Veterans and veterans' organizations have worked too hard for too long to not receive proper recognition for our service to our country.
Title 38, Veterans' Benefits, United States Code defines a "veteran" as: "The term "veteran" means a person who served in the active military, naval, or air service, and who was discharged or released therefrom under conditions other than dishonorable."
Also defined in Title 38 is "in the line of duty": "An injury or disease incurred during active military, naval, or air service will be deemed to have been incurred in line of duty and not the result of the veteran's own misconduct when the person on whose account benefits are claimed was, at the time the injury was suffered or disease contracted, in active military, naval, or air service, whether on active duty or on authorized leave, unless such injury or disease was a result of the person's own willful misconduct or abuse of alcohol or drugs."
Rep Buyer would like to redefine who is a veteran at a time when America shows a gratitude for her veterans, a time when America respects and treats her veterans with dignity. He is attempting to segregate our veterans, "the disabled and indigent veterans" (his core constituency) and then all others. Rep. Buyer is seeking to make these changes while our country is sending their servicemen and women world wide to fight the war on terror. He must realize that not everyone can serve in the war zone and that some stationed in the United States and other areas are working in direct support of Iraq, Afghanistan and the war on terrorism.
Recruitment of our all volunteer force is falling short of its goals. The Army fell almost one-third short of its recruiting goal in March, its second consecutive month of shortfall amid concerns that the Iraq war is discouraging young people from enlisting. The Army's goal for March was to enlist 6,800 recruits, but it fell short by 2,150, or 32 percent. That was slightly worse than in February when a goal of 7,050 enlistees was missed by 1,936, or 27 percent. The target for April is 6,600. The Army Reserve did even worse in March than the regular Army. It recruited barely half the 1,600 soldiers it wanted for the month. It has not met a monthly goal since December 2004, and for the period from October 2004 through March it has met only 82 percent of its goal. Rep Buyer's "visions" will only add to already existing recruiting shortfalls.
Fellow veterans, it's time to take action. It's time to let our Congressional Representatives know we will not allow Congress to redefine who is a veteran or restructure veterans' benefits and reshape the definitions of disability. It is time they understand veteran's care will be our priority in voting in the next elections, congressional as well as presidential.
Rosalba M. is a Mexican citizen who has been living and working as a housekeeper in the SF Bay Area for approximately the past thirteen years. Her two sons, G.(13) and L.(11) are U.S. citizens who have lived here their entire lives and attend public school in the Bay Area. Rosalba divorced their father some years ago due to his repeated physical abuse. Rosalba was awarded custody of the children and they live with her most of the time. She has sole responsibility for their up bringing. Rosalba is a law-abiding, hard-working, loving mother who is a tremendous role model for her children. She has invested all of her spare time and scarce resources in giving them a better opportunity than she has had in life, including a quality education. G. and L. are good, well-behaved children who are deeply attached to their mother. G. is an honor student. L. has some learning disabilities that require special attention from the school and his mother. Their father takes little interest in the children and has shown little concern for their welfare. He is unemployed, has a criminal record and he and his current wife have refused to pay court-ordered child support for two years.
Following a bureaucratic process, Rosalba has been notified by Homeland Security that she will be deported as an illegal alien on May 3, and that she may not re-enter the country for at least five years. She has consistently cooperated with the immigration authorities and has repeatedly appealed to them to consider the impact of their proposed actions on her children. Section 240A of the Immigration and Nationality Act provides eligibility for relief in cases of hardship to children such as this one. However, her appeals to the immigration service and the courts have been rejected, and the children are now facing the terrifying prospect of having their mother permanently taken away from them by their own Government.
They face an impossible choice:
· Stay in the United States without their mother, dependent on a violent father who has shown little concern for their education or general welfare, or
· Go with their mother to live in one of the poorest regions of Mexico, a country whose language they do not speak, without access to education or financial support
In either case, the impact on their lives will be devastating.
Alaska hosts one of America's last remaining wilderness areas, ANWR. This 19-million-acre refuge was set aside for protection by President Eisenhower in 1960, but Congress in 1980 said its 1.5 million acre coastal plain could be opened to oil development if Congress specifically authorizes it. Recently, the Senate, by a 51-49 vote, rejected an attempt by Democrats and GOP moderates to remove a refuge drilling provision from next year's budget, preventing opponents from using a filibuster -- a tactic that has blocked repeated past attempts to open the Alaska refuge to oil companies. The budget is immune from a filibuster, meaning drilling supporters will need only a majority --not the 60 votes required to break a filibuster -- to succeed when the issue comes up for final action later this year. President Bush has deemed the issue vital to national security.
However, the United States' continual reliance on foreign oil is believed to be linked with global climate change and other environmental hazards. Environmentalists contend that while new technologies have reduced the drilling footprint, ANWR's coastal plain still would contain a spider web of pipelines that would disrupt calving caribou and disturb polar bears, musk oxen and the annual influx of millions of migratory birds.
What's more, speculations are that the United States will not reap the benefits from drilling for another decade, and only at a minimal rate of 1 million barrels a day (1/20th of current US daily consumption) at peak drilling. Relying on middle eastern oil is also a pertinent national threat. We believe more resources should be placed in renewable energy instead of reliance on coal, oil, and natural gas supplies.
We urge Senator Dole and Senator Burr to reconsider their stance on drilling in the Alaskan Refuge.
Recently the United States Supreme Court has begun using international law and public opinion in declaring certain laws unconstitutional. It is not within the abilities of the Supreme Court to use such information to justify rulings, especially when there is not justification within the Constitution itself.
As there is a great possibility that many on the Supreme Court will be retiring within the presidency of George W. Bush, this petition would ask the President not to appoint any Supreme Court Justice that will not take an oath to not use foreign law or public opinion as a basis for their rulings.
This petition is about making gay marriage legal in the united states.
THIS PETITION IS ASKING CONGRESS TO CHANGE EXISTING LAWS CONCERNING CHILD SEXUAL PREDATORS, TO REQUIRE A CONVICTED CHILD SEXUAL PREDATOR TO WEAR AN ELECTRONIC DEVICE AT ALL TIMES FOR LIFE...
If you believe that:
the human rights given to humans must be preserved,
the Armenian Genocide was a crime against all of humanity,
the United States should demand that the present day Turkish government come to terms with history,
the United States should demand that Turkey make reparations of lost land and money to Armenians.
THEN PLEASE SIGN THIS PETITION!!!!
For those of you that are unaware of Megan's Law, it was a Law proposed to the United States in the mid 1990's after a little girl called Magan Kanka was molested and killed by her neighbor Jessy Timmendequas who has now been since charged and sent to jail and is now on death row.
Maureen Kanka, mother of Megan Kanka put all her energy and time then into creating a law called "Megan's Law", which means convicted pedophiles will be listed to the public with in his or her delectated area.
George W. Bush has led America to one of it's most corrupt periods in history. In his first term, he has already sent us to war, to supposedly get Nueclear Weapons out of a Iraq, but there are no Nuclear Weapons, and more and more of our troops die everyday. He has cut taxes on the rich, causing higher taxes on the middle class and the poor. He has promoted destruction of our enviornment, has been prejudice towards gays and non-christians, lowered Defense Capita in states that need more defense, and caused what is beggining to become the fall of America. He is one of the most corrupt presidents in American history and we need him out of office, now!
We, the undersigned, would like the senate to take into consideration that Bush has done nearly everything wrong. His reign as president has been highly corrupt, and we don't want him as our president anymore! (Note, foreigners are allowed to sign too).
February 16, 2005
This is a petition to restore the freedom of prayer back into the schools of the United States of America.
In school, all American's said the pledge of allegience with the phrase "one nation, under god..." Everyone handles our currency, which has the phrase "In God We Trust" on it. During the presidential debates, both the candidates, John Kerry, and George Bush, ended with the note of "God Bless."
Well what about those of us who don't believe in god. Such as myself, I am an athiest. It offends me that everythign in our country has to do with god this and god that. I've always thought it to be such bull, and none of religion to be believable.
Everyone always says the phrase speration of church and state... correct? Read through the Constitution. No where does it state it. So in this, I am calling for an amendment to the Constitution that will change this, and be dubbed (Amendment) Article XXVIII: Seperation of Church and State. This way, it can not be used as an excuse to get past all of us. In Article 1 (first amendment), it states: "Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof" That represents the Seperation of Church and State JUST, by not establishing an official religion. That line does NOT state that the government can not use religion.
In the future, if a candidate for president uses such phrases as "God Bless", that would be accepted though, under the law of Freedom Of Speech, also stated in the 1st Amendment.
Do the right thing and correct the Constitution that so many have been tricked into believing by the words that they use.
http://www.house.gov/Constitution/Constitution.html - US Constitution
Politicians should be require to work in office a minimum 40 hour work week like every other American. In addition to the responsibility to the United States, they should be required to do their duties, such as voting on issues, signing laws, and have the time they are spending in the Captial Accounted for.
This petition was written on December 1, 2004 in order to advocate the production and utilization of nuclear energy on a global scale.
I am tired of encountering mostly illegals anyway who REFUSE to learn the language of the United States, ENGLISH. I hereby recommend, as hard as it may be, to not only capture illegals, but to make sure each and every individual who is here either illegally or on a working visa, or whatever it may be is speaking ENGLISH.
Try visiting WEST NEW YORK, NJ, or Union City, NJ, Jersey City, NJ. You will not find a lot of English speaking people. Therefore, either get them to ESL classes, or get them the hell out of here.
Voter turnout in the United States of America has long been in decline, and its time that there was a change. We, the world's leading democracy, have one of the lowest voter participation rates in the world. This is what ultimately led to the formation of the bipartisan National Commission on Federal Election Reform headed by Presidents Jimmy Carter and Gerald Ford. Therefore, the need for reform is there and the creation of a Federal Election Day holiday is a viable solution.
A survey completed by the U.S. Census Bureau after the 2000 election found that of those who did not vote, a conflict with work or school was listed as the number one culprit. By moving the celebration of Washington's Birthday to Election Day, we can eliminate the usage of a schedule conflict as a possible excuse.
We, as a nation, will be able to celebrate a right made possible by Washington and his successors and honor them in the process.
In this last election, one of the big topics was gay marriage. Mr. Bush, who has been re-elected, is once again pushing to ban marriage between gays, lesbians, and bisexual couples; so far the Senate and House have voted to not pass the amendment for the ban, but it looks like even that won't be necessary. Eleven states have passed bans on their own.
This is wrong. We live in the United States of America, where we're supposedly free. Homosexuals have every other right under the Constitution, so why not allow them to marry?
Discrimination, as defined in the dictionary is "Treatment or consideration based on class or category rather than individual merit; partiality or prejudice". Is that not what's going on? Are gays not being discriminated against?
It needs to stop; if we're truly free, we'd be able to marry whoever we wanted.
This election year Issue 1 was passed in Ohio, banning gay marriage. Similar amendments were passed in 10 other states. This is wrong. People should be allowed to marry whoever they want, no one can take this right away.
There have been no laws like this since Jim Crow, and this is disgraceful. We cannot let our country travel down this road again.
120. Early Voting in Ohio
This petition serves as a mandate to have early voting in the state of Ohio. Each and every citizen of Ohio should have the right and flexibility to cast their vote in a period of two weeks before the first Tuesday in November so that voting lines are alleviated. This petition is non-partisan so that every Ohio citizen regardless of their declared political party or persuasion has the possibility of voting, and the flexibility to do so.
"We the citizens of Ohio in the United States of America demand that early voting is available in every precinct in the state of Ohio. We would like this to start in the election year of 2006."