Replies to post #153553 on DD Support Board and Research Team

[DragonBear]

BTPH short squeeze puts Spartan Securities Group (market maker MICA) out of business.

Could you tell whoever is supporting the otcmarketresearch site, that they need to update their webpage software. My McAffee firewall/anti-virus software is detecting a vulnerability at that website. Might bee as simple as an overnight patch.

[Zorax]

What seems interesting, looking at the chronologics, it seemed like there was intentional buying by insiders to crush reynolds positions. Why would the pps so suddenly move so huge.
If you look at older trade history, those moves seem to be contained to the most damaging period. I'm not saying what reynolds did was right, but it looks like an effort was made to destroy him as well.
Just did not look like 'normal' market action.

[1manband]

Having Spartan going out of business is certainly no loss to the integrity of the marketplace. No one should cry over one more sleazy brokerage going out of business. But I wonder how this will affect the SEC's case against them.

https://www.sec.gov/litigation/litreleases/2019/lr24405.htm

And how is Island Transfer doing these days? They were certainly publicly defiant in the weeks after the SEC case was announced, but I haven't heard much from them lately.

[janice shell]

That's an interesting story. Rogue brokers like Reynolds, and years ago Kerrigone, must be every small, sleazy broker-dealer's worst nightmare.

[integral]

It is not hard to f a firm, especially one with limited capital and low net cap that is required. I have done it twice professionally.

I had a stock that I was ordered by my COO to direct trades to a third market. They (Andrew, my memory is quite good) shorted against our retail clients on this one stock. I finally figured it out. So I started directing trades to the specialist on the floor to start bidding up the stock.

Good bye. They had to sell their firm to Knight.

I got a tongue lashing from my COO, but I noted that our retail clients that we retained, benefited from better execution.

She was pissed because we had to pay floor fees. She got the bill. Who the f is sending orders to the floor she yelled....


...lol

[janice shell]

On a somewhat related note, here's an interesting FINRA enforcement action against Wilson-Davis. It goes way back to the period in which Anthony Kerrigone almost broke WDCO's bank shorting LOTE. But the action involves three other issuers as well: PVTA, PMEA, and CNCT.

All of the stocks had been pumped on the hotstocked.com site. In another development, HotStocked's website, though still live, seems not to have been updated in any way since the summer of 2018:

http://www.hotstocked.com

It's an appeal, so forgive me if FINRA's original complaint has been posted here before.

https://www.finra.org/sites/default/files/2020-01/NAC_2012032731802_Wilson-Davis_121919.pdf