Fraud: Broker kind of "frontruns" client order. Reporting to SEC?

Market makers and payment for order flow operators are dark pool market makers meaning they will not display your price as the best bid or ask on other exchanges which you would be looking at and because they are market makers they are not ones that will be taking liquidity they will simply treat your limit order as a market to limit order meaning that it is not displayed to the rest of the market and executed only when the bid price falls below that.
 
jonfos said:
Market makers and payment for order flow operators are dark pool market makers meaning they will not display your price as the best bid or ask on other exchanges which you would be looking at and because they are market makers they are not ones that will be taking liquidity they will simply treat your limit order as a market to limit order meaning that it is not displayed to the rest of the market and executed only when the bid price falls below that.
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How does that not violate the 30 second SEC options rule I just quoted?

I don't see how they can hide your order in a dark pool forever without clearly violating SEC rules.
 
engineering said:
How does that not violate the 30 second SEC options rule I just quoted?

I don't see how they can hide your order in a dark pool forever without clearly violating SEC rules.
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Don't get for granted everything you read on the Net!!!;)
 
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