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Non-Tech : Market Makers - What They Do and How They Do It -- Ignore unavailable to you. Want to Upgrade?

To: CIMA who wrote (363)7/20/2000 8:26:46 PM
From: Savant  Read Replies (2) | Respond to of 429
 
They should make it an open book system. They should fine them more. They should make all orders...first come, first served. The Canadian true auction system is much superior.
They should make the rules for all exchanges and markets the same. Pink, otcbb or naz. They should eliminate the present form of market makers. Let them trade on an equal basis with the investors..all order information should be disseminated equally..see how smart they are then..and the head jerk at Nite can kiss my grits.



To: CIMA who wrote (363)7/20/2000 10:40:44 PM
From: OX  Read Replies (1) | Respond to of 429
 
I think what you are saying is that fines are barely a slap on the wrists. I agree. These 'violators' could care less about a few fines here or there. The SEC should have a tally system whereby if a firm/MM exceeds N infractions, something bigger happens to them.

Hit 'em where it hurts, and it's not in their change purse.


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