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Tuesday, August 20, 2013 2:57:57 AM
You're also wrong about IncrediblePennyStocks.com. This isn't about them, but since you brought it up - paid penny stock promotion newsletter - they clearly state that they don't front load and that they will NOT be paid by a company to promote their stock. I don't particularly like their dine & dash philosophy, but they do adhere to stringent SEC regs. See their site and disclaimer. You also know well that the SEC has got newsletters under a microscope. If they lie, they fry.
Speaking of regulators, MM's are required to state their specific businesses. As NITE explains to FINRA, we trade for our own account.
![](http://investorshub.advfn.com/uimage/uploads/2012/12/31/qpnfrFINRA_Broker_Check_Trading_Securities_for_Own_Account.jpg)
Bona-fide market making is only part of what MM's do. They trade for their own piggy banks.
Check Knight's filings also. They use code words to hide their proprietary trading and lump it under market making, but it's significant. Search noncustomer.
KNIGHT CAPITAL AMERICAS LLC
Probably even more revealing is the long list of proprietary trading firms that brag about using their own capital (NO retail customers. NO outside funds.), which route their orders through NITE, VERT, VFIN, etc. Of course, not all these firms - long list - are in the microcap market, but it's not all that difficult to find the ones trading here.
http://www.prop-trading.com/proprietary-trading-firms/
Market makers also make a market for NASDAQ stocks yet one never sees investors in those companies claiming that market makers manipulate their stock prices.
Huh? Yes, they do.
Market makers and their customers have all the motivation in the world to manipulate stocks. Must be like taking candy ...
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