I happened to notice this post of yours regarding one MLON news release, very interesting.
By: DueDillinger 09 Dec 2004, 11:55 AM EST Msg. 7362 of 10054 (This msg. is a reply to 7327 by JMSystems.) Jump to msg. #
This is a clear intent to violate the law...
...as it's quite illegal for a marketmaker to accept compensation for filing a form 15c2-11.
A market maker cannot accept any form of compensation, including cash, securities, products, or services, for the purposes of making a market, to cover out-of-pocket expenses for making a market, or for submitting an application to make a market in an issuer's securities. This activity was addressed in Notice to Members 75-16 in 1975.
"We will also be consulting with a number broker-dealers on the possibility of acquiring our own broker-dealer, as well as retaining a firm to file our 15c-211 for WLSC."