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

Discussion in 'Retail Brokers' started by thecoder, Nov 26, 2021.

  1. jonfos

    jonfos

    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.
     
    #81     Dec 14, 2021
  2. 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.
     
    #82     Dec 14, 2021
  3. rb7

    rb7

    Don't get for granted everything you read on the Net!!!;)
     
    #83     Dec 14, 2021
  4. The link I posted was to sec.gov.
     
    #84     Dec 14, 2021
  5. rb7

    rb7

    Yes, I was referring to the poste you were referring...
     
    #85     Dec 14, 2021