For a couple of weeks now a particular stock has had a T trade entered on a daily basis after market closing. Previously, the trades have been in the 3 million share range, but lately have worked their way up to 10 million shares.
I've been nosing around to see what T trades are about in the pinks, and find a reference that MM's are not to engage in "habitual" off-market trades --
A pattern or practice of late reporting without exceptional circumstances may be considered conduct inconsistent with high standards of commercial honor and just and equitable principles of trade, in violation of Rule 2110
. I'm curious if I am interpreting this correctly, and if so, how many days of consecutive T trades does it take to be "habitual"?
TIA
Do I really have to tell you these are my opinions and that you should do your own DD? You're not gonna' listen anyway ...
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