Larry Smith: Open Letter to President Donald Trump on Wall Street Crime
Mr. President,
Media: Larry Smith
Larry Smith spent the first 25 years of his career working on Wall Street as an analyst with a primary focus on biotechnology and pharmaceutical stocks, as well as many other industries. He spent the majority of this time with Smith Barney and Hambrecht & Quist and was Executive Vice President, Director of Equities and …
Article: BlackRock CEO Larry Fink Tells Corporate CEOs to Engage in Better Eyewash
BlackRock CEO Larry Fink Tells Corporate CEOs to Engage in Better Eyewash Yves Smith, 21 January 2019 One of the sorry spectacles of modern life is having prominent individuals who profit from and serve as prime exemplars of major social ills trying to depict themselves as part of the solution, when they haven’t gone through …
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This is a non-profit non-partisan project intended to provide the public with an authoritative, professional collection of multi-media information helpful toward the objective of eliminating financial crime on Wall Street. All speakers and authors appearing on this website do so on a nonpartisan basis to expose what they believe to be evidence of illegal behavior …
Article: Part 10 of Illegal Naked Shorting Series: Legal Shorting of Stocks is a Loser’s Game but Illegal Naked Shorting Transforms It into a Winner’s Game
Part 10 of Illegal Naked Shorting Series: Legal Shorting of Stocks is a Loser’s Game but Illegal Naked Shorting Transforms It into a Winner’s Game Larry Smith Smith On Stocks, 24 July 2019 When I launched my research on stock manipulation and the prominent role played by illegal naked shorting, I believed that I had …
Article: Part 9 of Illegal Naked Shorting Series: The Risk/ Reward of Shorting Versus Buying Stocks is Extremely Unfavorable
Part 9 of Illegal Naked Shorting Series: The Risk/ Reward of Shorting Versus Buying Stocks is Extremely Unfavorable Larry Smith Smith On Stocks, 11 July 2019 In this report, I contrast the risk and reward of shorting versus buying stocks. When you unravel the economics and risk/ reward of shorting, it is clear to me …
Article: Part 8: Illegal Naked Shorting Series: Who or What is Cede and What Role Does Cede Play in the Trading of Stocks?
Part 8: Illegal Naked Shorting Series: Who or What is Cede and What Role Does Cede Play in the Trading of Stocks? Larry Smith Smith On Stocks, 1 July 2019 ost investors when they buy a publicly traded stock believe that they own a part of some company. They think that somewhere there is a …
Article: Part 7: Illegal Naked Shorting: DTCC Continuous Net Settlement and Stock Borrowing Programs Have Loopholes That Facilitate Illegal Naked Shorting
Part 7: Illegal Naked Shorting: DTCC Continuous Net Settlement and Stock Borrowing Programs Have Loopholes That Facilitate Illegal Naked Shorting Larry Smith Smith On Stocks, 31 May 2019 There is an integral relationship between the DTCC and hedge funds. The DTCC is owned by Prime Brokers; these are Goldman Sachs, Morgan Stanley, Merrell Lynch and …
Article: Part 6 Illegal Naked Shorting: The SEC’s Regulation SHO is Intended to Prevent Illegal Naked Shorting, But is Ineffective
Part 6 Illegal Naked Shorting: The SEC’s Regulation SHO is Intended to Prevent Illegal Naked Shorting, But is Ineffective Larry Smith Smith On Stock, 22 May 2019 In previous blogs I traced the history of stock trading from the 1960s when stock certificates and cash were physically exchanged to settle trades to the paper free, …
Article: Part 5 in Series on Illegal Naked Shorting’s Role in Stock Manipulation: Traditional Shorting Compared to Naked Shorting (Both Legal and Illegal)
Part 5 in Series on Illegal Naked Shorting’s Role in Stock Manipulation: Traditional Shorting Compared to Naked Shorting (Both Legal and Illegal) Larry Smith Smith On Stocks, 29 April 2019 This is the fifth blog in the series that I am writing to describe how illegal naked shorting is used broadly and massively to manipulate …
Article: Part 4 in Series on Illegal Naked Shorting’s Role in Stock Manipulation: Who are the Key Players?
Article: Part 4 in Series on Illegal Naked Shorting’s Role in Stock Manipulation: Who are the Key Players? Larry Smith Smith On Stocks, 17 April 2019 I worked on Wall Street as an analyst for nearly 40 years and was involved in the stock market on a day to day basis. Throughout this time, I …
Article: Part 3 in Series on Illegal Naked Shorting’s Role in Stock Manipulation – Prime Brokers and the DTCC Have a Troubling Monopoly on Clearing and Settling Stock Trades
Part 3 in Series on Illegal Naked Shorting’s Role in Stock Manipulation – Prime Brokers and the DTCC Have a Troubling Monopoly on Clearing and Settling Stock Trades Larry Smith Smith On Stocks, 11 April 2019 I am not going to attempt to show in any detail how the clearing, settlement and depositing of securities …
Article: Part 2 in Series on Illegal Naked Shorting’s Role in Stock Manipulation- Conventional Wisdom on How Short Sales are Executed
Part 2 in Series on Illegal Naked Shorting’s Role in Stock Manipulation- Conventional Wisdom on How Short Sales are Executed Larry Smith Smith On Stocks, 4 April 2019 The current conventional wisdom on how a short sale is transacted is that a short seller borrows stock from a specific investor who is long the stock, …
Article: Part 1 in a Series of Reports on Blatant, Widespread Stock Manipulation that is Enabled by Illegal, Naked Shorting
Part 1 in a Series of Reports on Blatant, Widespread Stock Manipulation that is Enabled by Illegal, Naked Shorting Larry Smith Smith On Stocks, 27 March 2019 I am convinced that price manipulation by Wall Street bad actors is endemic in the capital markets and swindles legitimate investors out of billions of dollars each year. …
Article: Northwest: Analysis of a Coordinated Short Selling Attack Against the Stock (NWBO, $4.69)
Northwest: Analysis of a Coordinated Short Selling Attack Against the Stock (NWBO, $4.69) LARRY SMITH, 20 October 2015 Again I can see some people scoffing at my suggestion of such broad based criminal actions but consider the following. Martin Martola of SAC Capital was sentenced to 9 years in prison because he had paid one …
