InvestorsHub Logo
Followers 9
Posts 1523
Boards Moderated 0
Alias Born 04/22/2011

Re: skichic post# 21878

Friday, 10/01/2021 9:22:18 AM

Friday, October 01, 2021 9:22:18 AM

Post# of 32462
You might be amazed at what the SEC is doing to TRY to hold law and order in the markets. As I have posted many times, there is a link that you can ask them to open up an investigation... it it here:

https://www.sec.gov/complaint/select.shtml

It can not hurt you at all and it can only help IMO.

It will take more than just one person to ask the SEC. There was soooooo much that has happened over the last week. It is my understanding that each complaint that is filed gets assigned to a new person. In EVERY inquirery that I have submitted I was ALWAYS contact directly by the person doing that investigation and that person was a 'General Counsel' attorney. They took my statement in an email form, then followed up by phone with me...sometimes several times in the same investigation.

I tell you that you should have the specifics of what you are asking them to investigate. That is why I have continually pointed out the things that seem to be illegal... Massive buys into small BID/ASK; washed trades under the BID; 'Stepdowns' to keep the PPS under certain SMA's at critical times... especially the REALLY SMALL ones. There can be only one reason that a MM would place a 200 share 'sale' under the SMA'S at certain times and that is to manipulate the SP.

When thost things are investigated, the MM's have to justify why they made the trades. They can not show that some 'order' came in at just that time for 200, or 1000, or even 10,000. It ends up being pennies to just a few dollars. The more the SEC looks into those individual MM and especially the specific trader, the less they will try and do it.

The that is report to be investigated the better IMO.

SM