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Pastimes : Investment Chat Board Lawsuits for Pros – moderated

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To: Kevin Podsiadlik who wrote (88)4/17/2005 11:25:58 AM
From: rrufff   of 120
 
More from prior cited work - footnote 26

26 Market makers may also be informed investors, depending on their access to information about the firm, or
manipulators, depending on their trading motivation. I explain later in the paper that the manipulator has an
incentive to register as a market-maker because of the exceptions to the short sale restrictions that apply to marketmakers (but only to the extent of bona-fide market-making activities).
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