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Non-Tech : Meet Gene, a NASDAQ Market Maker

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To: Drex who wrote (179)7/29/2000 8:59:20 AM
From: LPS5  Read Replies (1) of 1426
 
LOL. If this was the case and there was some sort of "signaling" going on, how would one dealer know (a) exactly what other dealer was printing the trade to "signal" another or (b) the difference between an order being executed on an agency basis for a customer or a principal basis?

It's a ridiculous concept; if you read the 1996 SEC 21(a) report, you'll see that when there was evidence of collusive behavior between dealers, it was orchestrated over the phone.

IMHO, when it comes to penny stocks, too many individuals are ready to blame dealers and not willing to face the realities of the OTCBB & pinks, which is to say the realities of many of their constituent issues.

LPS5
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