r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading. It has become notable for its profane nature, aggressive trading strategies, and role in the GameStop short squeeze that caused losses on short positions in U.S. firms topping US$70 billion in a few days in early 2021. The subreddit is famous for its colorful jargon and terms.[2]
Media: Bob O’Brien
Media
Bob O’Brien is a senior writer at The Deal, covering private equity. He writes both breaking news stories and feature articles for the website.
Previously, O’Brien spent 18 years at The Wall Street Journal, including covering the daily performance in the equities market. He was featured as an on-air reporter on CNBC television, as part of the WSJ’s licensing agreement with NBC Universal. He wrote feature stories for Barron’s magazine as well as an investment blog for Barron’s online.
Official: Bill Clinton
Official
William Jefferson Clinton (né Blythe III; born August 19, 1946) is an American lawyer and politician who served as the 42nd president of the United States from 1993 to 2001. Prior to his presidency, he served as governor of Arkansas (1979–1981 and 1983–1992) and as attorney general of Arkansas (1977–1979). A member of the Democratic Party, Clinton was known as a New Democrat, and many of his policies reflected a centrist “Third Way” political philosophy. He is the husband of former secretary of state, former U.S. senator, and two-time candidate for president Hillary Clinton.
Article: Form 8-K 180 Life Sciences Corp.
Article - Media, PublicationsForm 8-K 180 Life Sciences Corp.
EDGAR AGENTS LLC, 24 February 2021
On February 19, 2021, 180 Life Sciences Corp. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with the purchasers identified on the signature pages thereto (the “Purchasers”) pursuant to which the Company agreed to sell to the Purchasers an aggregate of 2,564,000 shares (the “Shares”) of the common stock, par value $0.0001 per share, of the Company (“Common Stock”), and warrants to purchase up to an aggregate of 2,564,000 shares of Common Stock (the “Warrants”), at a combined purchase price of $4.55 per Share and accompanying Warrant (the “Offering”). Aggregate gross proceeds from the Offering are expected to be approximately $11.7 million, prior to deducting placement agent fees and estimated offering expenses payable by the Company. Net proceeds to the Company from the Offering, after deducting the placement agent fees and estimated offering expenses payable by the Company, are expected to be approximately $10.8 million. The Offering closed on February 23, 2021. Continue reading “Article: Form 8-K 180 Life Sciences Corp.”
Article: Recent Swap Manipulation Cases
Article - Media, PublicationsRecent Swap Manipulation Cases
Arent Fox, Les Jacobowitz, 24 February 2021
In recent years, the Commodity Futures Trading Commission (CFTC) filed two actions with facts so shocking the reader is forced to ask, ‘can this be how the industry really functions?’
The Complaints –
The most recent action was filed in February of 2021 in U.S. District Court in the Southern District of New York (SDNY) against a U.S. dollar swaps trader and managing director of a global investment bank for “engag[ing] in a scheme to deceive and to manipulate the price of U.S. dollar interest rate swap spreads…” 1 The facts of this case are very similar to those of a case filed a little more than a year ago – a bond issuance with a governmental issuer, and the pricing of a related swap through an interdealer broker firm. Both cases illustrate potential flagrant violations of the Commodity Exchange Act (“CEA”) and CFTC regulations.
Twitter: Ihor Dusaniwsky Delusional? Robert Steele Comments
TweetIhor Dusanisky
Anything that is “fully paid for”, like a 401k, is automatically segregated by your broker & can’t be touched. It is a very big no-no for those shares to be used & when a broker gets their annual rectal exam by the authorities it is one of the first things the examiners check for
Robert David Steele
Ihor, nice in theory but the reality is that brokers ALWAYS borrow cash account shares to cover naked shorts, i.e. shares sold long that they don’t own or have not legally borrowed. @PatrickByrne http://stopnakedshortselling.org
Article: ‘Whistleblower Field’: Marc Cohodes announces $100,000 donation to rename Parker H. Petit Field
Article - Media‘Whistleblower Field’: Marc Cohodes announces $100,000 donation to rename Parker H. Petit Field
Brooklyn Valera, The Signal, 23 February 2021
The Signal has been reporting on Georgia State alumnus and top donor Parker H. Petit’s criminal activity and investigation since 2018.
Marc Cohodes, a notorious short-seller who helped shine a light on Georgia State alumnus and top donor Parker H. Petit’s criminal activity, is now calling to remove Petit’s name from Georgia State’s football field.
Comment: The Signal, evidently a student run publication that is both stupid and slutty — it can be bought — has defamed a good man — Parker H. Petit — and chosen to consort with a known piece of crap, Marc Cohodes. One can only hope that the President of Georgia State is endowed with intelligence and integrity and takes Cohodes’ offer of $100K for what it is — a bribe, below market price, and to be treated with scorn and disdain.
Article: Public App Takes Aim At Robinhood With Already-Viral Michael Bolton Ad
Article - Media, PublicationsPublic App Takes Aim At Robinhood With Already-Viral Michael Bolton Ad
Tyler Durden, ZeroHedge, 23 February 2021
On the same day that it hit the wires that Robinhood’s CEO said it was “necessary” for the company’s business operations to sell its order flow (as we have been detailing at painstaking length here on Zero Hedge for years before it became a mainstream media story) Continue reading “Article: Public App Takes Aim At Robinhood With Already-Viral Michael Bolton Ad”
Article: MyPillow CEO Hit With $1.3B Suit Over Election Fraud ‘Big Lie’
Article - Media, PublicationsMyPillow CEO Hit With $1.3B Suit Over Election Fraud ‘Big Lie’
Dorothy Atkins, 23 February 2021
Dominion Voting Systems hit MyPillow Inc. and its CEO Mike Lindell with a $1.3 billion defamation suit in D.C. federal court Monday, accusing Lindell of knowingly perpetuating a “big lie” by falsely claiming that the voting-machine maker rigged the 2020 presidential election for Joe Biden.
In a two-count, 115-page complaint, Dominion alleged that Lindell has intentionally marketed his pillows to supporters of former President Donald Trump while publicly accusing the Denver-based Dominion of rigging the election in favor of Biden in order to beef up his pillow company’s sales. Continue reading “Article: MyPillow CEO Hit With $1.3B Suit Over Election Fraud ‘Big Lie’”
Article: Accountant Ducks Prison For $17M Stock Scheme, Tax Fraud
Article - Media, PublicationsAccountant Ducks Prison For $17M Stock Scheme, Tax Fraud
Bill Wichert, 23 February 2021
An accountant avoided a prison sentence Tuesday for his roles in a stock market manipulation scheme that reaped more than $17 million in illicit profits and a related tax fraud scheme, with a New Jersey federal judge citing his extensive cooperation with prosecutors against the securities trader who orchestrated the crimes.
About two months after handing out an 18-month prison term to that mastermind, U.S. District Judge John Michael Vazquez sentenced the 43-year-old Shaun Greenwald to three years of probation, including eight months of home detention with location monitoring, following his 2018 guilty plea to conspiracy charges. Continue reading “Article: Accountant Ducks Prison For $17M Stock Scheme, Tax Fraud”
Article: Bitfinex, Tether owner pays $18.5 million fine to settle NYAG cryptocurrency cover-up charges
Article - Media, PublicationsBitfinex, Tether owner pays $18.5 million fine to settle NYAG cryptocurrency cover-up charges
Jonathan Stempel, 23 February 2021
NEW YORK (Reuters) – The owner of the Tether cryptocurrency and Bitfinex trading platform will pay an $18.5 million fine to settle charges it commingled client and corporate funds to cover up $850 million that went missing, New York Attorney General Letitia James said on Tuesday.
James said the civil settlement with Hong Kong-based iFinex Inc and related entities will also require them to halt trading activity with New Yorkers.
Bitfinex was accused of having sent the $850 million to Crypto Capital Corp, a payment processor believed to be in Panama, without telling clients, and after the funds went missing, draining at least $700 million from Tether’s reserves. Continue reading “Article: Bitfinex, Tether owner pays $18.5 million fine to settle NYAG cryptocurrency cover-up charges”
Article: iBio Inc, IBIO Securities Lawsuit
Article - Media, PublicationsiBio Inc, IBIO Securities Lawsuit
Lucy Campbell, 16 December 2014
Los Angeles, CA: A securities class action lawsuit has been commenced in the United States District Court for the District of Delaware on behalf of investors who purchased iBio, Inc. (“iBio” or the “Company”) (NYSE MKT:IBIO) securities between October 13, 2014 and October 23, 2014.
The Complaint alleges that during the Class Period, the Company issued materially false and misleading statements to investors by wrongfully suggesting that the Company’s Launch platform patents and related proprietary technology would be licensed by the makers of the experimental Ebola drug, ZMapp. The Complaint alleges that when the true facts were revealed, the price of the Company’s stock fell significantly, damaging investors.
Continue reading “Article: iBio Inc, IBIO Securities Lawsuit”
Article: Investors Should Pass on Hyliion Holdings
Article - Media, PublicationsInvestors Should Pass on Hyliion Holdings
Joel Baglole, 07 December 2020
After rising from $10 a share in June to a peak of $58.66 in September (a gain of 487%), Hyliion stock has fallen to $18.04 a share. And the decline looks persistent. Since Nov. 27, the stock dropped 33%. Investors who hold a stake in Hyliion may want to sell now and cut their losses before things get any worse. The company, which designs, develops, and sells electrified powertrain solutions for commercial vehicles, looks to have lost its luster and any momentum the stock seems to have evaporated, leaving its share price deflated.
Continue reading “Article: Investors Should Pass on Hyliion Holdings”
Official: Christopher Cox
Official
Christopher Cox was the 28th Chairman of the Securities and Exchange Commission. He was appointed by President Bush on June 2, 2005, and unanimously confirmed by the Senate on July 29, 2005. He was sworn in on August 3, 2005.
During his tenure at the SEC, Chairman Cox made vigorous enforcement of the securities laws the agency’s top priority, bringing ground breaking cases against a variety of market abuses including hedge fund insider trading, stock options backdating, fraud aimed at senior citizens, municipal securities fraud, and securities scams on the Internet. He assumed leadership of the international effort to more closely integrate U.S. and overseas regulation in an era of global capital markets and international securities exchanges. He also championed transforming the SEC’s system of mandated disclosure from a static, form-based approach to one that taps the power of interactive data to give investors qualitatively better information about companies, mutual funds, and investments of all kinds. In addition, as part of an overall focus on the needs of individual investors, Chairman Cox reinvigorated the agency’s initiative to provide important investor information in plain English.
Article: Barclays Escapes UK Municipalities’ Libor Loan Suits
Article - Media, PublicationsBarclays Escapes UK Municipalities’ Libor Loan Suits
Joanne Faulkner, 22 February 2021
A judge said on Monday that eight local councils in England cannot get out of Libor-linked loans they signed with Barclays before the bank’s involvement in the rate-rigging scandal was revealed because they could not prove the lender had acted dishonestly.
High Court Judge Sara Cockerill said that two claims focusing on how interest rates tied to the loans were influenced by the London Interbank Offered Rate had “no real prospect of success.” The local authorities could not prove that Barclays had knowingly made false representations when it sold the swaps between 2006 and 2008, the judge said. Continue reading “Article: Barclays Escapes UK Municipalities’ Libor Loan Suits”
