Today our Brokerage firms, for the argument of liquidity, will take a buy order on a security even though they do not have the shares to sell you nor is there a market as a seller at that stated value. The industry wants your commission. The Industry will only buy in shares to settle on the trade they executed when and if it becomes profitable to them. In other words, they will create temporary counterfeit shares and replace them with real ones when the cost of the real ones becomes beneficial. If it never does, the counterfeit share remains in the system. Sounds like a rigged game," he stated.
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