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Re: [sharechat] DFM

From:	James Webb <James.Webb@xtra.co.nz>
Date:	Thu, 02 Mar 2000 21:27:17 +1300

Speaking of ethics, I have twice recently had shares purchased at my maximum order price with DFM despite the fact that the shares had traded lower than my max order price all day. Has anyone else had this happen to them? What do others think of the ethics of this purchasing practice? If I didn't know otherwise I might think that DFM were purchasing shares at a lower price and trading them to me to make a profit? What are the trading ethics on this point?

Cheers, James

Stuart Allen wrote:

>It is my belief that DFM plan to increase their stakeholding in AQL by
>initially devaluing the share price by the comments they make on their
>website, and then begin "soaking" (buying)up the shares at bargain basement
>rates.does anyone else think that this might be a bit unethical for a firm such as DFM (share broker)

Replies

Re: [sharechat] DFM Malcolm Eves

References

[sharechat] DFM Stuart Allen

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