Foreign Collusion, Naked Shorting (Counterfeiting) & Money Laundering — All Illicit Wealth
Tesla short-sellers take record losses in battle with Elon Musk
Richard Henderson
Irish Times, 3 February 2020
Investors betting against Tesla suffered record losses of $5.8 billion (€5.2 billion) in January after the stock hit a new high, marking a win for chief executive Elon Musk in a long-running battle with short-sellers.
Mr Musk’s testy sparring online with notable short-sellers, including David Einhorn of Greenlight Capital, has become one of the fiercest rivalries in capital markets.
When a seller “naked short sells a stock” they do not own the shares they are selling and therefore are selling artificial shares. This is like counterfeiting a stock. This process creates an obvious unfair advantage to the seller and an imbalance in the market as the sell side is now increased with more shares – many of which are counterfeit. There is a time limit on how long the seller can sell these shares and be naked on the trade and the time limit is 3 days. This is where the RegSho rules come in and the data we track. If the sellers broker-dealer has not located a borrow to cover this short trade within 3 days they will need to purchase back the shares they have sold on the open market. This process is referred to as a “Buy In”.
“When it comes to illicit short selling, the shorts win over 90% of the time”
Continue reading “Web: NakedShortReport – What Is Naked Short Selling?”
Naked short selling, or naked shorting, is the practice of short-selling a tradable asset of any kind without first borrowing the security or ensuring that the security can be borrowed, as is conventionally done in a short sale. When the seller does not obtain the shares within the required time frame, the result is known as a “failure to deliver” (“FTD”). The transaction generally remains open until the shares are acquired by the seller, or the seller’s broker settles the trade.
Naked shorting is the illegal practice of short selling shares that have not been affirmatively determined to exist. Ordinarily, traders must borrow a stock, or determine that it can be borrowed, before they sell it short. So naked shorting refers to short pressure on a stock that may be larger than the tradable shares in the market. Despite being made illegal after the 2008-09 financial crisis, naked shorting continues to happen because of loopholes in rules and discrepancies between paper and electronic trading systems.
In a “naked” short sale, the seller does not borrow or arrange to borrow the securities in time to make delivery to the buyer within the standard three-day settlement period. As a result, the seller fails to deliver securities to the buyer when delivery is due; this is known as a “failure to deliver” or “fail.”
For further information on short selling, naked short selling, and threshold securities, please see the Division of Trading and Markets’ Key Points About Regulation SHO. Additional information relating to the SEC’s activities relating to short selling can be found in the SEC Spotlight on Short Sales.
Charles Gasparino is an American journalist, blogger, occasional radio host, and author. He frequently serves as a guest panelist on the Fox Business Network program segment The Cost Of Freedom and the stocks/business news program Cashin’ In.
Gasparino was born to an Italian-American family in the Bronx, Gasparino graduated with a B.A. from Pace University before earning his master’s degree in journalism from the University of Missouri in Columbia, Missouri.
Gretchen C. Morgenson (born January 2, 1956) is an American, Pulitzer Prize-winning journalist notable as longtime writer of the Market Watch column for the Sunday “Money & Business” section of the New York Times. In November, 2017, she moved from the Times to the Wall Street Journal. Wall Street Journal investigations editor Michael Siconolfi announced that Morgenson was joining that paper’s investigative team as a senior special writer, working closely also with reporters in the money and investing group and the financial enterprise group.
Gary Matsumoto is Executive Producer, News and Programming for CGTN America. He is an Emmy-award winning investigative reporter/producer in business.
As a foreign correspondent for NBC News and Senior Correspondent for the Fox News Channel, he won numerous awards for his reports from more than 40 countries on five continents, including an Overseas Press Club of America Ben Grauer Award for best radio spot news.
The Depository Trust & Clearing Corporation (DTCC) is the enabler of naked short selling, a federal crime, and refuses to collaborate with law enforcement on those rare occasions when inquiries are made. The Security Exchange Commission (SEC) and the US Senate Committee on Banking, Housing, and Urban Affairs both appear to be complicit in enabling and covering up naked short selling.
Continue reading “Video: Bloomberg Television News Phantom Shares”
Susanne Trimbath, Ph.D. is CEO and Chief Economist of STP Advisory Services. Dr. Trimbath’s credits include appearances on national television and radio programs and the Emmy® Award nominated Bloomberg report Phantom Shares. Dr. Trimbath served as a Technical Advisor to the California Economic Strategy Panel and Associate Professor of Finance and Business Economics at University of Southern California’s Marshall School of Business. Dr. Trimbath was formerly Senior Research Economist at the Milken Institute and Senior Advisor on the Russian capital markets project for KPMG.
Matthew C. Taibbi born March 2, 1970 is an American author and journalist. He has reported on politics, media, finance, and sports. He is a contributing editor for Rolling Stone.
Taibbi has authored several books, including The Great Derangement (2009); Griftopia (2010); The Divide (2014); Insane Clown President (2017);[5] I Can’t Breathe (2017); and Hate Inc. (2019).
Michael J. Bowe
Michael’s ground-breaking defense of short-selling attacks has restored billions of dollars in market capitalization to his clients, frustrated class action lawsuits that accompany those attacks, and instigated the investigation, indictment, and closure of companies that engaged in such illegal conduct.
He was the lawyer for FairFax who fought the naked short cabal and which the Black Edge book is based. He knows this crime type intimately.
Online Biography & Contact Information
Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street
tZERO secures US$5M equity investment
Nawaz Ahmed
BraveNewCoin, 23 April 2020
tZERO is Patrick Byrnes’ attempt to utilize blockchain technology to replace traditional institutional market structures.
Project Medici intends to create a blockchain-based securities exchange, and Byrne had stated that he was interested in listing Overstock securities on a blockchain-based exchange. The project was officially announced on October 6th at the Inside Bitcoins Las Vegas conference.
The long term goal was to compete with the Depository Trust and Clearing Corporation (DTCC).
Short Sales Bans in Response to the COVID-19 Pandemic
Barnabas Reynolds, Thomas Donegan, Russell Sacks
Shearman & Sterling, 1 April 2020
In the wake of the COVID-19 pandemic, numerous European jurisdictions, including France, Italy, Spain, Greece and Belgium have enacted short sale bans in an attempt to stabilize financial markets and maintain investor confidence. The following note provides an overview of these bans as well as an overview of the 2008 partial ban(s) on short selling by the U.S. in response to the financial crisis. To date, the United States has not yet indicated that it is considering a ban on short selling in response to market volatility due to the COVID-19 pandemic.
Continue reading “Web: Short Sales Bans in Response to the COVID-19 Pandemic”
THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?
