Sunday, July 19, 2015 5:05:41 PM
Simple fact is in order for a sale to happen to the Bid, the Bid first must meet the minimum size required for display and then of course not be an AON order or requested not for display by the customer. In order for a transaction t occur at the Bid means someone had sold shares to the Bid and nothing more.
Once again "Wash Trades" are clearly defined by the SEC, do you have a document from Regulators that shows another definition or not?
As to 100 share transactions, there are far more reasons for 100 share transactions to occur on the Bid that are in fact legitimate sales. Regulatory Fees being one of them, and at one point last year a common occurrence on these OTC securities.
THE REAL DTCC DISCUSSION
http://investorshub.advfn.com/boards/board.aspx?board_id=23867
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