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Post# of 114954
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overachiever

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overachiever

Re: seeclear post# 75791

Thursday, 06/28/2007 10:01:45 AM

Thursday, June 28, 2007 10:01:45 AM

Post# of 114954
The brokerage industry is now trying to shut down fraudulent wash trading. It has always been illegal but the last 5 years it has been a huge problem in the microcap markets. Now, since the NASD has been given the green light to exercise its authority, the brokers are monitoring suspicious buys and sells in the penny market more than ever.

The CEO of SLJB got caught doing it with a friend in Texas, for example.

We are apt to shut our eyes against a painful truth... For my part, I am willing to know the whole truth; to know the worst; and to provide for it. --Patrick Henry, Patriot and Hero of the American Revolution

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