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Re: Colorado5 post# 41553

Wednesday, 02/05/2014 2:36:36 PM

Wednesday, February 05, 2014 2:36:36 PM

Post# of 221929
From what was posted in the past and contacting FINRA/SEc the 100 share bidwhacks are not illegal. At least not the way they are doing it. As long as they stay within a point above or below the current PPS they are legal. It becomes illegal when they try to drive the price down by selling 100 share lots 2 points or more below the current PPS. At least that is how I understood what was posted on this board within the last month.