Too many innocent casualties (shareholders/compani
Post# of 11035
This is how they do it:
Quote:
Between May 25, 2011 and April 29, 2013 (the "Relevant Period"
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Quote:
Without admitting or denying the findings, Kerrigone consented to the sanctions and to the entry of findings that he caused his member firm to violate Rule 203(b)(1) of SEC Regulation SHO when on occasions, Kerrigone placed orders to sell short low-priced stocks through the firm's proprietary trading account and failed to locate the securities, claiming the market marker exemption to the locate requirements. The findings stated that the market maker exemption was not available to the firm because Kerrigone was not engaging in bona-fide market marking activities in these securities. The firm generated over $158,239 in profits from these short transactions.
https://promotionstocksecrets.com/wp-content/...yOrder.pdf
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