Hold Brothers $4 Million Manipulative Trading Case

How is it a FAKE bid? I am walking up the bid, I can get hit if the other party choosesto. If i get taken on the offer, i pull all my bids legitimately, why not?
 
your are manipulating and giving someone a false view on the stock. that's the very reason you do it and that's the very reason why its illegal.

Quote from Grandluxe:

How is it a FAKE bid? I am walking up the bid, I can get hit if the other party choosesto. If i get taken on the offer, i pull all my bids legitimately, why not?
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Trilian got busted for something similar a few years back, and creating a false market is not legal it's cheating! learn how to read charts and you will make a nice living in the markets
 
When Chinese kids do it is called layering and spoofing and is illegal. When Goldman Sachs does it with their super computers it is called HFT and perfectly legal. That is the only difference.
 
Quote from traderCND:

And how is that different from all these HFT traders that quote a stock 10,000 times in 1 second without ever making a print?
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It's the same i also posted a bing link with a whistle blower on the HFT as the major firms do(did you look before you commented). From the sec report they're 2 years behind on busting these cheaters. they will all get busted especially after a whistle blower
 
that's why capitalism is flawed the super computers are a joke. if a poor man robs you with a gun he goes to jail. if a rich man robs you and 100,000 others nothing happens.

Quote from traderCND:

When Chinese kids do it is called layering and spoofing and is illegal. When Goldman Sachs does it with their super computers it is called HFT and perfectly legal. That is the only difference.
More...
 
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