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Message: Re: looks like
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Apr 11, 2014 11:46AM
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Apr 11, 2014 11:56AM
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Apr 11, 2014 12:05PM

Hi WB

You are absolutely correct.I have suspected Morgan, Swiss and Anonymous from the beginning. I have worked on the trading floors of the PSE and NYSE and have witnessed what human nature is all about at it's worst. One firm in particulat that I represented as a two dollar broker flatly didn't care about the rules, period.

On the PSE we had Floor Trading Committee who were the local cops. On that Committee there were many close relationships with other members outside the group and they all went drinking together. The Surveillance Committee was a different animal, it was run by the Exchange with less political connections.

I was an investigator for the Exchange when I first started working there at the odd lot center and for me, it was what it was. There were many times when I heard this: Just can't you forget about all this?

No report will be issued except that the fat finger did it. It was a planned flash crash. Historically, this should be the beginning of better prices with our fundamental backgroung as the hawks have scattered the doves and panicked the last folks out of their shares. When will the stealing stop????

The Surveillance Department at the TSX can't hide from this one with previous complaints focused on suspicious trading. The question is, did a client hire a Wall Street firm to depress our shares? Were all the 100 share lots that we hitting the bids previously long shares?

Personally, I have survived all flash crashes by doing nothing.

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