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.
Ken Norensberg is the Managing Director of Luxor Financial Group, Inc. a NY based Broker Dealer Consulting Firm that specializes in setting up Independent Broker Dealers. They are experts in New Member Applications, Continuing Membership Applications, Expansion Filings, FINRA and SEC Audits, Anti Money Laundering Reviews, Business Development and general compliance and business development services.