Monday, December 05, 2022 4:57:58 PM
So, IMO, the costs of the manipulation are not a profit center, as most people assume shorting would be, but and expense the BPs are willing to expense in order to accomplish their own future revenues. It's like the delivery man who writes off tens of parking tickets (an illegal activity) as a necessary cost of doing business.
so too here, if we find the illegal spoofing activity continuing (perhaps in a less egregious fashion) despite the law suit and all our eyes fixed clearly on the manipulation, the costs the court may impose, even if large, may be seen by the BPs as a necessary cost of doing business. It is not yet clear to me how the end game here works. With any luck, the manipulation will eventually end if 1) the costs do become to large to be worthwhile, 2) the further egregious activity finally gets a response from the SEC and the DOJ and becomes criminal in nature with actual jail time for the offenders.
I would further add, that from my quick reading of the lawsuit, it only seems to address spoofing. It never so far as I can tell addresses naked shorting. Will they address this further down the road, or will this now become (for the while) the preferred method of manipulation down as the NWBO story continues to unfold. So far, it has not been alleged in court (despite statements by LP and LG out of court) and it is not crystal clear if in fact this happens in huge volume.
Finally as some have suggested, I among them< perhaps other MMs not named in the case are stepping in, so their action will not seem as a direct affront to the court if the named defendants continue with this activity.
Recent NWBO News
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