From what was posted in the past and contacting FINRA/SEc the 100 share bidwhacks are not illegal. At least not the way they are doing it. As long as they stay within a point above or below the current PPS they are legal. It becomes illegal when they try to drive the price down by selling 100 share lots 2 points or more below the current PPS. At least that is how I understood what was posted on this board within the last month.
THOSE 100 SHARE TICS ARE NOT ILLEGAL AND I HAVE SEEN STOCK GO UP 50x THE PRICE WITH THAT HAPPENING. IN FACT MANY MANY OTCS STOCKS ARE HAVING THIS ISSUE LATELY ESP UNDER .0010. USUALLY ITS A MARKET MAKER HITTING THE BID TO SEE IF THE BID WILL FILL. FINRA IS MORE CONCERNED WITH THE LACK OF FILINGS AND SHADY PRACTICES, THAT WITH THE WILD WEST OF OTC PRICE CHANGES.
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