Foreign Collusion, Naked Shorting (Counterfeiting) & Money Laundering — All Illicit Wealth
Comment: Mr. Cohodes, who is very much present in the tag cloud, seems to think that we have all forgotten his years of engagement in the ecology of naked short selling. His offering to brief Congress, which G. Robert Blakey considers a RICO organization enabling naked short selling, is laughable. We have it all, Mr. Cohodes. There is no place to run. Can you spell “discovery?”
Robert J. Shapiro | 21.02.03
The investors’ struggle over the video game retailer GameStop has been cast as a David versus Goliath story. Allegedly, this is the tale of scrappy, small online day traders buying shares of a beleaguered company to thwart a hedge fund scheme to take it down. Like GameStop’s stock, this narrative is mostly speculation because the facts about the buyers and sellers and their trades are hidden in the records of Robinhood, the new online trading platform, as well as Charles Schwab and other traditional broker-dealers. Only the SEC could demand to inspect those records.
Continue reading “Article: GameStop Isn’t a Popular Uprising”
Heather Breslow is the Head of Research at Robinhood. As the Head of Research, Heather is responsible for building research as a strategic capability of Robinhood. Before joining Robinhood in 2017, Heather was a Senior User Experience Researcher at YouTube.
Baiju Bhatt is the co-founder of Robinhood, the fastest-growing brokerage in the world. In 2013, Bhatt co-founded Robinhood with Vlad Tenev, aiming to democratize the financial system. The company has millions of users across the country and is currently valued at $8.6 billion. Bhatt earned his B.S. in Physics and M.S. in Mathematics at Stanford University.
Vlad Tenev is the co-founder and CEO of Robinhood. A first-generation immigrant from Bulgaria, Tenev earned his B.S. in Mathematics at Stanford University before starting two finance companies in New York City, selling trading software to hedge funds. In 2013, Tenev and longtime friend Baiju Bhatt co-founded Robinhood, a zero-commission brokerage dedicated to democratizing the finance system. The company has millions of users across the country and is currently valued at $8.6 billion.
Robinhood | 21.02.03
Alert Reader:
Go figure… Robinhood buys superbowl ads after Gamestop fiasco in order to try to gain its reputation back. Naturally professional sports would be their next marketing scam. Seems like in the past few years when there is a major exposure, everyone goes crying to professional sports. People need to boycott these giants to.
Continue reading “Video: Robinhood is Buying a Super Bowl Ad after its GameStop Fiasco”
Ian Sherr | 21.02.03
What makes this roller coaster unusual is why the Reddit community is buying up GameStop shares. While some of them say they believe in GameStop’s future, others are attracted to the idea that the higher GameStop’s shares go, the more Wall Street’s bad bets will cost institutional investors money.
Bix Weir | 21.02.02
Jack Kelly | 21.02.02
In a blistering interview with CNN, Senator Elizabeth Warren was incensed over the trading activities last week, saying the market “is a rigged game.” Warren boldly called out the Securities and Exchange Commission (SEC), the premiere Wall Street regulator, admonishing the agency “to grow a backbone” and “get off their duffs and do their jobs.”
Warren said, “We need more regulation about market manipulation.” She also decried the practices of “pump and dumps” and stock buybacks that enrich the CEOs and executives. The senator added, “The SEC needs a broader look at how hedge funds and corporations manipulate the market.”
Yael Halon | 21.02.02
“My hat’s off to them…it’s brilliant what they did.”
The share price of video game retailer GameStop surged dramatically last week after a group of Reddit users teamed up to buy up the struggling retailer’s call options – hurting market short sellers.
“I believe this is a paradigm shift right now,” Belfort, who spent 22 months in prison after pleading guilty to charges of securities fraud and money laundering, told host Tucker Carlson.
SCMP | 21.02.02
“When we get tagged as establishment, you can’t be more inaccurate than that,” he said. “It’s almost funny if it weren’t for the fact that I now have all these people trying to troll me.” What Block agrees with is the growing sense that financial markets are overvalued and predominantly small investors will be hurt when the bubble finally bursts. He faults the Federal Reserve for pumping in too much liquidity, allowing for too much credit extension and too much leverage.
Joseph Saveri Law Firm | 21.02.02
On January 28, many brokerages abruptly and unilaterally restricted retail investors’ ability to buy long positions—in some cases removing the option to buy shares of the relevant securities while openly permitting them to sell their existing shares or prohibiting users from viewing the tickers for some or all of the relevant securities.
Continue reading “Hedge Funds are Getting Crushed by the Worst Short Squeeze in a Quarter Century”
Matt Egan | 21.02.02
In a conversation with CNBC, co-founder of Babbage’s Gary Kusin revealed that he has mainly been an onlooker during the whole GameStop stock controversy. He has gotten the majority of his information about what is happening through his son, Ben, who is an experienced redditor. One of the subreddits Ben frequented was WallStreetBets, which allowed him and his father to watch the whole situation unfold from the very beginning. Continue reading “GameStop Founder Is “A Spectator” In Short Stock Controversy”
THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?
