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Re: lamont814 post# 104

Thursday, 07/13/2017 2:45:33 PM

Thursday, July 13, 2017 2:45:33 PM

Post# of 661
33 cents was the high ask after the trade that apparently filled near 15 cents. Meanwhile both my MKT and LMT orders (at twice the ask) are still not executed (days later) presumably due to the ongoing systemic corruption by the market makers as outlined here:

http://clsbluesky.law.columbia.edu/2017/05/05/the-citadel-settlement-off-exchange-market-makers-and-giant-brokerages/

For those too busy to read the whole article--the punchlines are the following statements:

"Looking forward, off-exchange market makers may become a direct target of private lawsuits on the basis of breaches of this multifaceted duty—despite occasional efforts to subtly disclaim it. For instance, promptness is one of the dimensions of the duty of best execution, and any deliberate—and potentially gameable—bumps in either executing customer orders or marking them up would be contrary to this stringent standard"

"...It is also impossible to ignore that the settlement’s key points are already spilling over to other segments of the securities industry, as shown by several important lawsuits aimed at large retail brokerage firms. More broadly, this enforcement action may be shaping up as an assault on the stronghold of existing—and potentially widespread—practices relating to order handling, best execution, and payment for order flow (“PFOF”)."