LPS5: I am beginning to think you are just another SI mental, SI does have a few. I suspect if you really are in the securities business it has not been for long.
But, if he was to say - as I never have seen him say - something to the effect that "ABCD (a large securities dealer) - currently trading stock XYZ - is manipulating the market," I would similarly challenge that assertion for the same reasons I say that you - and you, additionally not currently and never having been a professional - have no idea what you're talking about. Because there are far too many parts of the machine in motion that cannot be seen to represent that sort of statement as a fact.
I find it hard to believe you have read much of what Anthony has had to say. I once posted a post with several links to posts made by Tony on SI where he refers to the manipulation that occurs on the NASDAQ exchange and he even described some of what MMs do. If you bothered to look at his profile you would see the statement under interest and hobbies you would see this statement: "My Greatest Interest on WallStreet is to see the NASD Dissolved & The SEC Tripled in size."
It was not very hard to put in proper perspective your knowledge base regarding your above statement that as have I, Tony asserted that a large securities dealer has/is manipulating a stock you..."would similarly challenge that assertion".
Please see below:
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In a high-profile case that first drew big media headlines last February, a New York brokerage firm and a ring of eight brokers on the floor of the New York Stock Exchange were charged with perpetrating a scheme in which they made over $11.1 million in illegal profits and at the same time covered their tracks with an elaborate fraud.
Floor brokers generally are not allowed to trade for their own accounts because their first-line knowledge of what is happening on the market gives them an unfair advantage over the public. Enforcement authorities allege that these brokers colluded with the brokerage firm to buy and sell for the firm's account, with the owners of the firm falsifying the records after the fact to make it seem as if it was the firm that placed the orders. The brokers received 70% of the profits; the brokerage, 30. According to press reports, it was the first time federal prosecutors ever brought charges against anyone executing trades on the actual floor of the exchange.
Later, in May, the owners of the firm and five of the floor brokers were also charged with "front-running" – buying and selling for their own accounts before executing orders they had from customers for the same securities. Front-running is illegal because when a floor broker trades for his own account first, he may not obtain as favorable a price for his customer. But more seriously, when he receives a large customer order to buy or sell, he knows that the size of the transaction itself may well affect the price of the stock. If he trades for his own account with the benefit of that inside knowledge, he is breaking both the rules of the stock exchange and the federal securities laws.
sec.gov
The report was prepared by Robert W. Lowry whose experience includes more
than 28 years with the U.S. Securities and Exchange Commission (SEC),
including 23 years with the Division of Market Regulation. Mr. Lowry has
conducted investigations into broker dealer trading activities and market
manipulation. He has also given expert witness testimony in federal court
relating to matters of market manipulation.
Lowry's conclusion is that ``the price decline in DynaMotive stock does
not reflect the operation of free economic forces of supply and demand.'' The
report also indicates that a short selling scheme orchestrated by certain CD
holders is the most likely cause for the price decline. It goes on to say that
``the NASDAQ trading volume reflects either pre-arranged or circular trading
by market makers...and...that a pattern of this type of trading is consistent
with market manipulation.''
theautochannel.com.
But, if he was to say - as I never have seen him say - something to the effect that "ABCD (a large securities dealer) - currently trading stock XYZ - is manipulating the market," I would similarly challenge that assertion for the same reasons I say that you - and you, additionally not currently and never having been a professional - have no idea what you're talking about. Because there are far too many parts of the machine in motion that cannot be seen to represent that sort of statement as a fact.
CUSTOMERS OF A.R. BARON & COMPANY SUE BEAR, STEARNS & COMPANY, INC. FOR STOCK MANIPULATION.
glrs.com
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LPS5 enough already, you are scoring no points. Go find someone else to spar with, you are not worth my time!
Regards,
LG |
