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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today -- Ignore unavailable to you. Want to Upgrade?


To: DSPetry who wrote (16271)5/12/1999 1:36:00 AM
From: Bill Brogan  Read Replies (2) | Respond to of 19331
 
Thanks, Dave. Pretty interesting article, but I still couldn't quite figure out if the filing of this Form 15c2-11 is a one-time thing or what.

What I did find interesting in that article was this passage referring to the rule's requirement that the Market Maker is liable for detecting fraud or manipulation "red flags" with an OTCBB or Pink Sheet stock:

Legitimate Market Makers are scared of Rule 15c2-11 because they know that many legitimate issues with no fraud or manipulation have possible red flags and many frauds and manipulations exhibit no red flags.

Let's just hope DCI has given all the MMs everything they need to easily begin producing quotes again, including peace of mind....

--Bill



To: DSPetry who wrote (16271)5/12/1999 6:34:00 AM
From: De Peepster  Read Replies (1) | Respond to of 19331
 
Dear DS,
From that article:
<<Under the proposed Rule, a market maker that uncovers indications of fraud or manipulation is supposed to cease quoting the subject security.>>
Ok I will bite on this one, has this ever happened? I suspect the ratio of fines against MMs heavily out number the former.
Barbara ( keeping a straight face, NOT!!! LMAOOOOOO )