For those of you still living your lives under the ruse that we exist in a free market. When small guys (or big ones) step in and provide liquidity when stocks get beat down or over bought, and then are penalized for it.....something is very, very wrong. Just take a look at the screen shots GLRE - anyone that got short on the opening prints got their trades busted. GOK - anyone that got long on the opening prints got their trade busted. Traders are simply reacting to where the stock is actually trading, these stocks were not "outside" of their mkts, these were the markets. I've actually seen the MM algos take a few stocks to 0 over the last few weeks, one even traded at 0 before the wiped all of that data out of the system. Good thing I snapped screenshots. I'll try and post those later. In the meantime here are the GLRE and GOK charts. Basically, the way it works now, is a MarketMaker( what a joke, they shouldnt even be allowed to call themselves that anymore) can protest and get trades cancelled at no risk to him. If you or I want to protest, The trade goes to ruling and if you loose, you pay $500. So now, as is, If I do my job well, it could end up hurting me for no good reason. The people that should be held accountable are the firms running these mickey mouse algos. Do you think that this type of behavior from the regulators should be tolerated by the trading community ?