Article: Short-sellers need more transparency, says former SEC commissioner

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Short-sellers need more transparency, says former SEC commissioner

Ben Ashwell, Corporate Secretary, 26 June 2020

Robert Jackson discusses short-selling, fraud and the role of the commission

Former SEC commissioner Robert Jackson says he is troubled by the ‘increasing evidence of manipulation through short-selling’, and calls on his former colleagues at the SEC to consider a proposal for greater transparency for short-sellers.

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Today’s Big Crime: MicroVision (MVIS)

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MicroVision, Inc. (MVIS)

0.8377-0.2923 (-25.87%) At close: 4:00PM EDT

0.635 -0.2027 (-24.20%) After hours: 6:04PM EDT

Comment: MVIS went up on almost 700 Million shares in 4 days and hit a high of $1.82 so lets say they sold 100,000,000 million shares naked short at a average price of $1.25

The stock is now 80 cents and looks like tomorrow it wil be 60 cents $1.25-60cents= about 65 cents profit now X 100M shares do the math= in 4 days they could walk way with 65 MILLION for selling fake shares

CRIME DOES pay

Article: FINRA and major Exchanges impose $6.5m fine on Credit Suisse Securities over supervisory violations

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FINRA and major Exchanges impose $6.5m fine on Credit Suisse Securities over supervisory violations

Maria Nikolova

FinanceFeeds, 23 December 2019

FINRA and the Exchanges found that for a period of four years, Credit Suisse did not establish a supervisory system reasonably designed to monitor for potential spoofing, layering, wash sales and pre-arranged trading by its DMA clients.

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Article: Why You Shouldn’t Listen to Jim Cramer

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Why You Shouldn’t Listen to Jim Cramer

Nick Kapur, 24 September 2018

Nearly 11 months ago and thanks in no small part to the statement above, I concluded that Jim Cramer was a menace to investors.

It only took a few months for the rest of the nation to catch on. John Stewart finally jumped on the bandwagon in March, exposing the man for what I think he really is: an entertaining (if not, irritating) media personality, but certainly not the champion of the individual shareholder that he often claims to be.

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Article: MARC COHODES – INTERTAIN GROUP LTD: A HOUSE OF CARDS

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MARC COHODES – INTERTAIN GROUP LTD: A HOUSE OF CARDS

ValueWalk, 18 October 2016

In early 2014, Intertain was created with assets from Amaya Inc., with Amaya becoming Intertain’s largest shareholder David Baazov – Amaya’s CEO – has been charged with insider trading by the Quebec AMF
AMP claims that Baazov was part of a network of insiders who used secret codes to conceal trades about companies planning to merge or acquire other companies. John Fitzgerald (also known as “Fitzy”) was named CEO of Intertain. Fitzy has allegedly been involved with penny stock promoters and has previously been named as a defendant in shareholder lawsuits.

Keith Laslop was named CFO of Intertain Laslop has links to Gerova Financial Group, whose top officers (John Galanis et al) were by the SEC for fraud. Laslop himself was named in multiple lawsuit arising out of the Gerova fraud allegations. Intertain’s roll up strategy. In early 2015, Intertain acquired Jackpotjoy and other companies for £4258 million plus earn-outs if and when Jackpotjoy meets earnings benchmarks
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Article: High Court To Hear Merrill Lynch Naked Short Selling Suit

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High Court To Hear Merrill Lynch Naked Short Selling Suit

Law360, 30 June 2015

In a short order, the high court granted the banks’ petition for a writ of certiorari, which was filed over a Third Circuit decision to remand the shareholder suit to state court. The justices also granted the Securities Industry and Financial Markets Association leave to file an amicus brief in the matter.

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