Trader in "free-riding" fraud case admits guilt

Discussion in 'Wall St. News' started by Banjo, May 8, 2012.

  1. Banjo


  2. you worried?
  3. toc


    how does this work out, paired trades?
  4. You move the market by buying in a favored account, and selling to each of your accounts by placing asks at a higher price than the original price moving the market up and making profits in the 61 accounts he had.

    This is a known issue for brokers, but I'd never seen a non-professional able to do this.
  5. u mean a non crook
  6. Options12

    Options12 Guest