All Clowns Must Be Destroyed Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : All Clowns Must Be Destroyed

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: pater tenebrarum who wrote (3770)	1/24/2000 5:57:00 PM
From: fut_trade	Read Replies (1) of 42523

NASD Fines Morgan Stanley For Stock-Price Manipulation interactive.wsj.com NASD found that Morgan Stanley's OTC desk fraudulently raised the prices it quoted on these nine securities, artificially moving the market for each security, and the opening print price in that security, higher. The firm raised its bids without purchasing any stock prior to the opening. The manipulation caused locked and crossed markets to occur in the nine stocks, violating NASD rules requiring firms to make reasonable attempts to trade prior to locking or crossing the markets during normal business hours. A locked market occurs when the inside bid price equals the inside sell price of a security, and a crossed market occurs when the inside bid price is greater than the inside sell price of a security

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next