Freedom Holding Inc. (FHLD)

[jugs]

A market maker must be SEC certified to act as a broker. Much is written daily regarding opinions voiced by disgruntled investors, impugning market makers. They don't always have a clue as to how things operate.

Case in point:

When you see a holding of yours moving in one direction or another, the market maker is part of that accelerative process. He can delay divulging all the information much as a grocer may put tomatoes for sale at a special price. But he needn't tell the public what he is paying on the wholesale end.

Also, market makers are put down for "walking down" a particular stock. But we never see comments complimenting the market makers for walking the price of a holding up!

As for buying shares costing a ten thousandth of a cent? Forget it! The machinery executing trades would have to undergo dramatic alterations and there'd not be much of a market for those trades.

Lastly: Market makers fulfill important functions and it's for this reason they get to enjoy privileges we ordinary investors don't.

Yes, I've known some market makers. In most cases they owned brokerages and were retained by companies to handle (facilitate) trading transactions. Market makers I met never became my personal friends. I was not impressed overall with their demonstrations of character. But I may have been unfairly judgmental.

Hope this helps you some!