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Re: Big Cut post# 119686

Thursday, 09/10/2020 3:00:35 PM

Thursday, September 10, 2020 3:00:35 PM

Post# of 122022
Bid and ask on the electronic board

Is the way MOST penny stocks trade.

A Market Maker is a broker with significant capital who is willing to buy and hold a stock to create a stable market, speaks daily with the CEO for guidance, and has to file a 15c2-11 to be approved to act as a MM.

Huge difference, and no MM would touch junk like this.

People sometimes get confused when they see stock in a Broker name. Actually many people who op to NOBO list have their stock held in "Street Name" a term of art for the House.

Additionally any Broker larger than a nickle BD can do proprietary trading in their house account which can buy hold and sell any stock their charter allows, just not with customer money.

I am glad you asked that question, knowledge is power.

Have a GREAT DAY!