Replies to post #55372 on Nutra Pharma Corp (NPHC)

[cngreen]

Its the brokerages that short and fail to deliver shares that manipulate nphc.

[I-Glow]

I suggest you read the SEC complaint - two brokerage firms closed his accounts because of price manipulation. The brokerage firms reported Deitsch for Manipulative trading practices.

Read the following:

"VI. DEITSCH MANIPULATED THE MARKET FOR NUTRA PHARMA STOCK"

Items 163 - 207

"185. Approximately one week later, on June 23, 2015, Broker A sent Deitsch an email describing manipulative trading practices:

We want you to know the relevant rules about trading the securities you hold in your account, especially a practice known as manipulative trading….

Manipulative trading practices involve the purchase, sale, or other
transactions in any security for the purpose of:

- Creating or inducing a false, misleading, or artificial appearance of activity in the security.

- Unduly or improperly influencing the market price of the security.

- Setting a price that does not reflect the true state of the market in the
security....

Manipulative trading practices constitute a serious violation of exchange trading rules.

186. One month after that, on July 23, 2015, Broker A closed Deitsch's brokerage account and sent him a letter to inform him of that decision:

“We are writing to inform you we have made the decision to terminate our business relationship with you….

[Broker A] will not change this
decision. Please do not attempt to open a new [Broker A] account in the future.”

Deitsch will be banned by the SEC!

IG

[Brokemillwright]

100 share trades on a sub penny stock when the brokerage fee is more, then what was it two or 3 brokerages suspending his account and refusing to do business with him. I could be wrong but I even thought he admitted to that one... not going to bother looking it up tho