Here is the connecting write up for SMAYCS4 ht

Here is the connecting write up for SMAYCS4

http://99wallstreet.com/discussion/posttitle/...a-deceiver


Beware smaycs4 is a deceiver
NROM

A day trader accused of manipulating the Nasdaq trading system to force brokers to buy shares at above-market prices reached a settlement with the Securities and Exchange Commission yesterday.
The trader, Robert J. Monski, 38, of Birmingham, Ala., used a technique the S.E.C. called spoofing.
Mr. Monski, described by the S.E.C. as a self-employed investor, agreed to pay $25,000, including a $10,000 penalty and $15,000 in disgorged profits and interest. He neither admitted nor denied the charges in settling the case, which was filed in United States District Court in Washington.
The trading, which the S.E.C. said was conducted in October and November 1997, took advantage of rules, new at the time, that forced Nasdaq market makers to display some limit orders from investors, thus narrowing the spread between the price at which shares would be bought or sold. The S.E.C. said Mr. Monskis tactics amounted to market manipulation and were illegal.