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Re: sanbrunobaby post# 15

Tuesday, 11/12/2013 4:02:38 PM

Tuesday, November 12, 2013 4:02:38 PM

Post# of 42
I agree that market makers can naked short stock. But the 3 day issue is the easiest to get around. They simple transfer the position back and forth from one MM to another. As little as 2 MM's are required. Often there is 3 or 4. This is why there has been names for groups of market makers that gang up on penny stock. The rat pack is pretty notorious.

Once people start to notice what they are doing they will run the orders through other market makers. So people see trade, or UBSS or AUTO up there instead.

You can google market maker fined for naked shorting or other search strings. Many fines have been dolled out. SOme small firms even went under.

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