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Retail Dangers In Subpennies

Traders Magazine, November 2003

Gregory Bresiger

The individual investor doesn't realize how the increased use of subpenny trading is hurting him, Nasdaq officials warned. But Nasdaq's argument, made in a filing with the SEC, is ironic. That's because in the same filing, in which Nasdaq officials detail the dangers of subpenny trading, they asked for the authority to use it to protect themselves against nimble competitors.

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