RE: Manipulation31 Jul 2025 13:02
@insidein4 the MMs are not publicly disclosed but I understand they are shown in L2, which I don't have, although others have frequently posted the 7 abbreviations which I assume is the MMs. . And that they can change.
SEAQ requires at least 2 MMs
You could write to the LSE (stock exchange) requesting this information, which is required for an investigation into an allegation of manipulation of this stock.
I'd suggest your complaint could be independent of individual MM names though, as I don't think there's any evidence pointing to any particular one?
My main concern is the delayed trades. What exactly is the justification of specific timed delays: 1 hour, 2 hours and up to 35 hours. Under regulations there must be convincing reasons in each case for witholding trades from the public domain. Having very specific computerised time delays looks like a deliberate policy.
During one particular period we had trade size below the market value (1m) being delayed by 1 hour exactly.
Then there's the times when buy surges appeared only for the share to go NT to buy. From all 7 MMs. Logic tells us the bid should rise to attract sellers if MMs are short of stock. This did not occur repeatedly. They have a legal obligation to make a market. Anything obstructing this without justification is illegal. So the question is why is the bid not raised before implementing NT to buy?
Good luck with your investigations. Private investors asking for transparency and a level playing field.