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Re: ickyy post# 39855

Friday, 05/11/2007 5:43:51 PM

Friday, May 11, 2007 5:43:51 PM

Post# of 143047
In response to your question, I did some googling on BRGE and came across this set of articles. It's a couple years old, but quite an array of problems for one year in the life of a market maker (BRGE is Newbridge Securities).

http://www.stockpatrol.com/article/key/newbridgesecurities

Mostly it is involved in pump and dumps (I don't think that's the case here. LOL), but there is also this interesting bit:

Newbridge may not have been the focus of the SEC complaint, but its activities recently drew fire from NASD. In May 2005, the brokerage firm was fined $57,000 and sanctioned after NASD charged that Newbridge improperly executed short sales.

This, of course, proves nothing. Newbridge is a legitamate market maker. Nevertheless, it is causing us heartache and so it's shady past may have relevance.


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