Top Ships Inc (TOPS)

[keekee]

PER the SEC:
" The undisclosed activities of market makers that
coordinated price quotations, transactions in securities, and the
timeliness and sequence in which they reported trades, misled
market participants and customers, impaired disclosure of the
quotations and prices at which dealers were actually willing to
buy and sell, and lessened the ability of investors and other
market participants to obtain competitive prices. The interests
of market participants in accurate, fair, and reliable pricing
were not served. Moreover, the duties that those market makers
owed to their customers were compromised by undisclosed sharing
of customer information and the repeated failure to honor quotes
or report trades promptly or with appropriate designations.

The NASD's failure to investigate and pursue aggressively
clear indications of possible violations seriously undermined its
ability to ensure compliance with the NASD's own rules as well as
the requirements of the federal securities laws."