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Re: Francois+Goelo post# 7484

Friday, 04/13/2001 11:22:14 AM

Friday, April 13, 2001 11:22:14 AM

Post# of 15369
I have filed the following report with the NASD from the link posted by FG. I encourage other longs to do the same as the more complaints they receive the more likely a prompt investigation may occur:

My complaint concerns the market maker, North American Institutional Brokers (NAIB),
trading of the OTC Bulletin Board company, SeaView Video Technology (OTC BB: SEVU).
Beginning in April 2001, NAIB has become the most active and aggressive market maker
on the ask (offer) for SEVU stock. Clearly visible on Level 2 software NAIB for the
past couple weeks has sat on the low ask soaking up all trades at the offer. Any
time the bid is lowered or another market maker joins them at the ask they promptly
lower the ask, driving the price of the stock down. This process has been in place
from a trading high of approximately $1.75 last week to $.81 this week with very
aggressive trading occuring Friday April 13. NAIB is rarely on the bid buying
shares so it is evident the market maker is not conducting an orderly market. I
understand short selling under NASD and SEC regulations is entirely legal, but
strongly encourage the NASD to review this suspicious behavior on behalf of SEVU
stockholders adversely affected by such actions.


Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y