On the recordMay 5, 2010
I do not think a market maker should be able to get out of the market they are making the markets in that stock under any circumstances, unless they are belly up.
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congress.govI do not think a market maker should be able to get out of the market they are making the markets in that stock under any circumstances, unless they are belly up.
Bunning emphasizes that market makers must fulfill their obligations unless financially unable.
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I happened to be watching the market very closely when this was going on, and I watched a stock called Procter & Gamble at $61 a share and then the next trade was at $37 and the next trade was at $39.