New type of stock manipulation in IRESS (manual BUY/SELL order approvals by CommSec staff), page-9

  1. 6,900 Posts.
    lightbulb Created with Sketch. 50
    Let me understand this.....

    So a trader who hasn't been trading long with comsec has a couple of wins...

    Comsec note the newbie trader has had a couple of wins so they decide to delay future orders by 20-30 seconds, so they can copy his trades.

    They delay his trades because they know he has had a couple of wins and they want to get in before him so they can make a winning trade.

    The trader then misses out on his trading position because comsec took it.

    Comsec make a winning trade, the trader doesn't.

    And comsec live happily ever after.

    The End!
 
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