Sugarmade Inc (SGMD)

[MallenNV]

Are the market makers largely incentivized to collude with each other most of the time or do they sometimes try to fool each other to make more money?

From what I know, if any broker, market maker or debt dilution schemer deflects from the norm and tries to fool another MM or broker, they will be cut off from the pump and dump money. If a market maker does fool anyone in the group, brokers will not buy debt shares from that market maker and the ones selling debt shares will not sell to those market makers essentially putting the MM out of business. Besides there is so much money to be made there is no reason for a MM to fool others to make money when there is enough money for everyone already.

What are the qualifications to become a market maker?

If you want to be a MM on the OTC (Under $5 stocks) you have to pay $1,000 for each ticker you want to make a market in. Plus you need capital like $100,000 and fill out forms with FINRA. I don’t think it’s to hard but you likely will have to let go of your morals and enter the slimy world of the dirty markets.

Thanks