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Way Truth Life

11/27/06 10:18 AM

#20126 RE: steel58 #20121

I would imagine there are lots of laws ont he books to stop MM's from selling illegal shares that do not exist and then not paying up on legal Dividends of legal stocks that have been granted.

If there were not still laws ont he books then we would be hearing all sorts of cases of MM's not paying Dividends, and possibly depleting your own trading accoutnd and taking the money if someone was not watching them big time to not let them be thiefs.

I don't know of the exact mechanisms in place to stop them from stealing, but I have little doubt they are long and lethal if needed to be brought out on corrupt MM's. Unless the MM is on the verge of going under I don't think they would want to mess up their name and reputation either over a penny stock. Even at 100+ million shares short here it is not huge money to these big brokers. Could cost one or two of them their job if this gets exposed asnd they have to cover, but in the grand scheme of things it probably is a drop in a pond to them.