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Re: seaybiscuit post# 9690

Wednesday, 05/01/2019 2:02:25 PM

Wednesday, May 01, 2019 2:02:25 PM

Post# of 23619
VIBI! The trueness (conformity to reality or actuality) depends!

SEC

The investigation revealed..has not always operated in an open and freely competitive manner..market makers have engaged in a variety of abusive practices to suppress competition and mislead customers.-..discouraged other market makers from narrowing..displayed quotes for smaller orders.

..Market makers that failed to follow these conventions were sometimes subjected to harassment and an unwillingness to trade by other market makers who were attempting to enforce. Numerous market makers collaborated without disclosure to their customers in ways that misled and disadvantaged their customers and other market participants. These market makers coordinated their price quotations, their transactions in securities, and their trade reports..

..For example, the investigation found that some market makers have displayed quotations at prices at which they did not intend to trade in order to help another market maker trade, have orchestrated artificial increases or decreases in prices of trades, and have improperly delayed the reporting of trades..benefit or that of another market maker.

https://www.sec.gov/litigation/investreport/nd21a-report.txt


all the best

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