Scalper fined, banned from trading by the SEC

Quote from nlslax:

I'm guessing it would not be illegal, as long as the subscribers knew that the trader may already be in the stock.

It's a no win game. Even with full disclosure, sooner or later somebody is gonna drop a dime and file a complaint.

Yeah, you study hard, take the TEST FROM HELL, then the SEC, and the NASD make and enforce rules, so you cannot make money.

You cannot short, unless on a uptick

You cannot trade unless you have $25,000 or more in your account

You cannot pass go or collect $200 dollars.
 
Quote from agin1415:

You cannot short, unless on a uptick

You cannot trade unless you have $25,000 or more in your account

You cannot pass go or collect $200 dollars. [/B]


That's one of the reasons why FOREX is getting so much more attention lately
 
I love how detached the SEC is from the day-to-day market reality to use the word "scalper" to define this behavior.
 
Quote from alanm:

I love how detached the SEC is from the day-to-day market reality to use the word "scalper" to define this behavior.

good point....

the sec is just an arm of the big banks... how can anyone not see this?
 
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