Meet Gene, a NASDAQ Market Maker Message Board

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Non-Tech : Meet Gene, a NASDAQ Market Maker

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To: ahhaha who wrote (459)	8/5/2000 3:56:08 PM
From: SteveDavis	Read Replies (2) of 1426

Two points come to mind. I am always amazed by the SEC catching some very small trades that alert them to a problem. Case in point is yesterdays sentencing of the former broker that was giving his porno star girlfriend tips on small banks that were involved in takeovers. She was buying along with her boyfriend in Canada and they nailed them!!! Not big trades either, if I remember correctly. Why would a MM ever even consider doing anything close to illegal. The amount and sophistication of electronic tracking is tremendous and he would never know who is watching when. Any firm that would be so stupid to allow that deserves to be put out of their misery. The amount of money a MM would be able to make is so small in comparison to going to jail for period of time the thought is really not valid. Now, having said that, there are some very stupid people out there and some have probably gotten away with cheating. But these people are lucky, not smart. They are stupid because they think they are bulletproof. JMHO, Steve Davis

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