Thursday, July 27, 2023 10:27:35 AM
The reason for the $2.50 margin per share rule is upward pressure could move a price to infinity if the customer did not have the necessary funds in their account guess who is responsible for making up the difference? The brokerage house(s).
This why the naked short selling is a myth in penny stocks. Blaming market makers or brokerages for a company going bankrupt is deflecting or denying what is really going on.
When all is said and done, perhaps we will find out the Bobby T pulled one of the biggest solar scams in Southern California.
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