Replies to post #43229 on NEWBIES BOARD

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Wow take a look at this!!!

CDEL - M - CITADEL SECURITIES CORP. - FREEPORT, NY - 516-378-1000

Now China has just shut them down for illegal naked shorting an trade manipulation in China!!!!

Time for the SEC to give them a visit and audit and put and end to the manipulation of many stocks like MVTG.

http://www.nytimes.com/2015/08/04/business/dealbook/citadel-account-suspended-in-china.html

On top of that Cididel (CDEL) is owned by a hedge fund!!!!

So lets follow the money folks and see where this leads????

HONG KONG — Chinese stock market regulators have suspended more than 30 trading accounts, including one owned by the brokerage unit of the big American hedge fund Citadel, as they continue trying to stabilize the country’s volatile markets.

On Friday, the commission said it would strengthen its supervision of so-called program trading, which can include high speed, algorithmic or other computer-driven trading strategies. It said 24 such trading accounts on the Shanghai and Shenzhen exchanges had been suspended on suspicion of harming the market with rapid-fire share purchase or sale orders that were canceled before they could be fulfilled, a strategy known as spoofing.

By the time markets closed on Monday, the Shanghai and Shenzhen exchanges had announced suspensions for more than 10 additional accounts, bringing the total number of targeted accounts to more than 30.

Spoofing “has the effect of boosting or pushing down the market, and during the recent period of market volatility the impact of this has been amplified,”