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Re: QueenOfDragons post# 56237

Wednesday, 08/28/2019 1:49:25 PM

Wednesday, August 28, 2019 1:49:25 PM

Post# of 72625
NO HALT. NOT A CHANCE. If any action is taken against painting the tape, it's done by FINRA and/or the brokerage firms, and it applies to both painting it up or down.

The brokerage will warn the account holder to stop making such trades, or face having their account terminated. After that, the brokerage may terminate the account if the person is seen as being high risk to the brokerage. FINRA may also warn the brokerage to refrain from allowing small trades, and the alleged "manipulative trading" or the brokerage firm could face paying a fine.

FINRA and the SEC don't penalize the company, in this case GIFX, because of the way some people choose to trade. The only way a company will be penalized is if insiders are found painting the PPS. Therefore, there will be NO HALT.

I hope this helps.