Foreign Collusion, Naked Shorting (Counterfeiting) & Money Laundering — All Illicit Wealth
RM LAW Announces Investigation of Craft Brew Alliance, Inc.
15 November 2019
RM LAW, P.C. is investigating potential claims against the board of directors of Craft Brew Alliance, Inc. (“CBA” or the “Company”) (BREW) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s efforts to sell the Company to Anheuser-Busch (“A-B”).
BGC Financial, L.P. Fined by FINRA
An AWC was issued in which the firm was censured and fined $40,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it failed to immediately execute, route, or display customer limit orders in over-the-counter securities. The findings stated that the violations resulted from the firm’s delayed handling of limit orders that would lock or cross the market.
11 November 2019
Pomerantz LLP is investigating claims on behalf of investors of Overstock.com, Inc. (“Overstock” or the “Company”) ( OSTK). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.
The investigation concerns whether Overstock and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
Elon Musk wants to send investor ‘short shorts,’ as he battles David Einhorn
DailyMail, 9 November 2019
Elon Musk has offered to send a pair of ‘short shorts’ to his biggest critic and Tesla short seller David Einhorn, after the hedgefund boss was forced to admit to his shareholders that he’s lost money betting against the automaker.
Musk’s jibe came after Einhorn took a swipe at the Tesla owner in a letter to his shareholders last week, in which he claimed that the ‘accepted reality (at Tesla) appears to be that Elon Musk is above the law.’
Tesla’s Musk, Greenlight’s Einhorn taunt each other on Twitter
Reuters, 8 November 2019
Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk and noted short-seller David Einhorn mocked each other in open letters published on Twitter on Friday, trading barbs clothed in polite language.
Einhorn on Oct. 30 had told his investors at Greenlight Capital that his fund had lost money on Tesla. Greenlight bet against the electric carmaker, and shares rose in the second quarter.
C. L. King & Associates, Inc. Fined by FINRA
A National Adjudicatory Counsel (NAC) decision became final in which the firm was censured, fined $342,000 and ordered to retain an independent consultant and Miller was fined $20,000, suspended from association with any FINRA® member in any principal and supervisory capacity for three months and required to requalify by examination before acting in any principal or supervisory capacity.
Aurora Capital LLC Fined by FINRA
An AWC was issued in which the firm was censured, fined $15,000, ordered to certify to FINRA that it has adopted and implemented policies, procedures and systems that are reasonably designed to address each of the areas of conduct identified in the AWC, that it has completed a risk-based retrospective review of electronic communications sent or received by its associated personnel reasonably designed to achieve compliance with FINRA Rule 3110(b)(4) and that it has completed an inspection of each of its offices to achieve compliance with FINRA Rule 3110(c).
Alexander Capital, L.P. Fined by FINRA
A Letter of Acceptance, Waiver and Consent (AWC) was issued in which the firm was censured and fined $45,000, and Sullivan was fined $5,000, suspended from association with any FINRA® member in any financial and operations principal (FINOP) capacity for one month and required to requalify by examination as a FINOP. Without admitting or denying the findings, the firm and Sullivan consented to the sanctions and to the entry of findings that the firm conducted a securities business while failing to maintain its minimum net capital requirement.
H.C. WAINWRIGHT STICKS TO ITS BUY RATING FOR EKSO BIONICS (EKSO)
Catie Powers
Markets.co, 31 October 2019
H.C. Wainwright analyst Swayampakula Ramakanth reiterated a rating on EKSO BIONICS ( – Research Report) today and set a price target of $1.20. The company’s shares closed last Monday at $0.66, close to its 52-week low of $0.48.
H.C. Wainwright Starts Ekso Bionics (EKSO) at Buy
StreetInsider.com, 28 October 2019
H.C. Wainwright analyst Swayampakula Ramakanth initiates coverage on Ekso Bionics (NASDAQ: EKSO) with a Buy rating and a price target of $1.20.
Comment: This appears to be a stellar example of a life-saving vital technology company being destroyed by collusion between a placement agent and naked short sellers.
RELATED:
Short sellers slammed as Tesla shares surge the most in 6 years
Kevin Dugan
New York Post, 24 October 2019
Tesla shares are surging — and short sellers are hurting.
Wall Street investors betting against Tesla’s stock got clobbered to the tune of nearly $1.5 billion on Thursday after Elon Musk’s electric-car maker reported a surprise profit, giving the company’s shares their biggest boost in six years.
H.C. Wainwright & Co. Is Once Again Ranked #1 by PlacementTracker
BusinessWire, 22 October 2019
H.C. Wainwright & Co., LLC, announced its #1 Ranking by transaction volume during the third quarter of 2019, maintaining the Firm’s top position for 18 consecutive quarters, in PlacementTracker’s Market League Tables.
In addition to being the #1 Investment Bank for CMPO, RD and PIPE transactions, H.C. Wainwright executed 150 transactions in the first three quarters of 2019 totaling $5.5 Billion in transaction value. The H.C. Wainwright team has been the #1 ranked underwriter/placement agent by deal volume cumulatively since 1998.
Comment: This company is alleged to be one of the top front-runners helping naked short sellers destroy promising companies.
Learn more: HCWainwright @ NSS
Canaccord Genuity LLC Fined by FINRA
An AWC was issued in which the firm was censured and fined $80,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it failed to timely close out fail to deliver positions and executed short sale orders while in the penalty box.
Beta Capital Securities LLC Fined by FINRA
An AWC was issued in which the firm was censured and fined $50,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it failed to timely report to TRACE transactions in TRACE-eligible corporate debt securities.
Ex-Deutsche Bank Traders Must Face Spoofing Case, Judge Says
Janan Hanna
Bloomberg, 21 October 2019
The criminal case against two former Deutsche Bank AG employees accused of fraudulent and manipulative precious-metals trading can proceed, after a federal judge on Monday rejected their request for dismissal.
U.S. District Judge John J. Tharp in Chicago said prosecutors had properly used the wire-fraud statute to charge James Vorley and Cedric Chanu with spoofing, part of an alleged multiyear scheme to defraud other traders on the Commodity Exchange Inc., a venue run by CME Group Inc.’s Chicago Mercantile Exchange.
THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?
