KAT Exploration Inc (KATX)

[scubastevemd]

It seems you either are unaware or misleading the board in regards to what a Market Maker (MM) can and cannot do so I offer you a definition. Funny, I just had this on my Series 65 studies also.

A brokerage or bank that maintains a firm bid and ask price in a given security by standing ready, willing, and able to buy or sell at publicly quoted prices (called making a market). These firms display bid and offer prices for specific numbers of specific securities, and if these prices are met, they will immediately buy for or sell from their own accounts. Market makers are very important for maintaining liquidity and efficiency for the particular securities that they make markets in. At most firms, there is a strict separation of the market-making side and the brokerage side, since otherwise there might be an incentive for brokers to recommend securities simply because the firm makes a market in that security

In others words they can buy and sell from their 'own account' !

Steve

PS This is my one post