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Non-Tech : ECN Bogus Bids and offers, Manipulation BY MMs
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To: xcr600 who wrote (103)7/29/1999 10:09:00 PM
From: JCinTC   of 112
 
xcr600,
How's it ever going to be enforced and who's going to do it??

That's a good question to ask the NASD & the SEC.
If it was up to me personally the first MM caught not honoring his quote, I would fine $500,000 After that you would see MM's following this rule. We'll just have to watch & see how it plays out, if they would just change the rule back to where the min. size was 500 or 1000 shares I think it would be more effective.

JC
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