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zomniac

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zomniac

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Monday, 03/11/2013 10:04:34 AM

Monday, March 11, 2013 10:04:34 AM

Post# of 13136
Another piece of the puzzle.

America West paid John Thomas more than $1 million in commissions in 2011


http://www.bloomberg.com/news/2013-02-25/red-bull-fed-brokers-stand-as-john-thomas-draws-scrutiny.html

One former employee said Finra investigators questioned him about John Thomas’s trading in America West on Feb. 23, 2012.

That day, America West spiked from 29 cents to as high as $1.80. John Thomas brokers told customers they couldn’t immediately sell their stock because they hadn’t filled out the proper paperwork, according to two former employees. The stock fell to 65 cents the next day.

“It's easier to fool people than to convince them that they have been fooled.” Mark Twain

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