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Article: Former SEC Chair Jay Clayton Will Become Apollo’s “Lead Independent Director”

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Former SEC Chair Jay Clayton Will Become Apollo’s “Lead Independent Director”

As if the establishment ignoring Janet Yellen’s clear ties to Citadel wasn’t enough to help you lose faith in the Wall Street swamp this year, we’ll do you one better. Former SEC Chair Jay Clayton has officially been hired by Apollo Global Management, just weeks after stepping down as SEC chair.

Apollo is, of course, the firm whose CEO, Leon Black, was found to have paid child sex offender Jeffrey Epstein $158 million.

Continue reading “Article: Former SEC Chair Jay Clayton Will Become Apollo’s “Lead Independent Director””

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ARTICLE: BREAKING THE SILVER MARKET: Investment Demand To Overwhelm The Market

Article - Media, Publications

BREAKING THE SILVER MARKET: Investment Demand To Overwhelm The Market

SRSROCCO, 28 February 2021

The Silver Market is on the verge of being overwhelmed by investment demand.  While this has been a steady process over the past decade, the situation changed rapidly in 2020, and especially in the last two months.  Since the WallStreetBets “SilverSqueeze” campaign, more investors are waking up to the SILVER STORY…

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Investor: Jim Chanos

Investor

James S. Chanos (born December 24, 1957) is an American investment manager. He is president and founder of Kynikos Associates, a New York City registered investment advisor focused on short selling. A noted art collector, he appeared on the BBC Four documentary The Banker’s Guide to Art.

Biography

Article: Save The Billionaire Short-Sellers!

Article: House Hearing On Gamestop Fiasco Will Focus On “Short Selling And Stock Manipulation”

Remember How Naked Short Selling Wasn’t a Big Deal?

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Article: BlackRock puts muscle behind push for net zero

Article - Media, Publications

BlackRock puts muscle behind push for net zero

Avery Ellfeldt, 19 February 2021

Wealth leviathan BlackRock Inc. gave teeth to its climate commitments this week when it pledged to leverage its shareholder power to punish companies that fail to take climate change seriously. That promise sends a message to the heaviest greenhouse gas emitters: Set targets to cut carbon or risk retribution from the world’s largest asset manager. Continue reading “Article: BlackRock puts muscle behind push for net zero”

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Article: Hedge fund manager Plotkin’s GameStop short, dissected

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Hedge fund manager Plotkin’s GameStop short, dissected

Hedge fund manager Gabriel Plotkin first bet against the future of GameStop Corp in 2014 when it traded around US$40. But after a harrowing experience with short sellers in recent weeks, he’s wary about holding big short positions again.

BOSTON: Hedge fund manager Gabriel Plotkin first bet against the future of GameStop Corp in 2014 when it traded around US$40. But after a harrowing experience with short sellers in recent weeks, he’s wary about holding big short positions again.

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Article: U.S. securities regulator suspends trading in three more ‘meme stocks’

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U.S. securities regulator suspends trading in three more ‘meme stocks’

Chris Prentice, 19 February 2021

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission on Friday suspended trading in more securities that have seen jumps in both prices and trading volumes since late January amid social media interest.

The SEC temporarily suspended trading of Marathon Group Corp, Affinity Beverage Group Inc, and Sylios Corp beginning on Friday and ending on March 4, the SEC said in statements published on its website. Continue reading “Article: U.S. securities regulator suspends trading in three more ‘meme stocks’”

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Article: 180 Life Sciences Corp. Announces $11.7 Million Private Placement

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180 Life Sciences Corp. Announces $11.7 Million Private Placement

GLOBE NEWSWIRE, 19 February 2021

180 Life Sciences Corp. (NASDAQ: ATNF) (180 Life Sciences or the “Company”), a clinical-stage biotechnology company with its lead indication in Phase 2b/3, focused on the development of novel drugs that fulfill unmet needs in inflammatory diseases, fibrosis and pain, today announced that it has entered into securities purchase agreements with certain institutional investors to raise approximately $11.7 million through the private placement of 2,564,000 shares of its common stock and accompanying warrants to purchase an aggregate of up to 2,564,000 shares of common stock at a combined purchase price of $4.55 per share and accompanying warrant. The warrants will be exercisable immediately at an exercise price of $5.00 per share and will expire five years from the date of issuance. The closing of the private placement is expected to occur on February 23, 2021, subject to the satisfaction of certain customary closing conditions set forth in the securities purchase agreements.

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Article: How were more than 100% of GameStop’s shares shorted?

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How were more than 100% of GameStop’s shares shorted?

John McCrank, Reuters, 18 February 2021

But Vlad Tenev, broker Robinhood’s chief executive officer, recently pointed out that some of the stocks involved in the “meme stock” rally were more than 100% shorted, implying that more shares were shorted than were available to trade.

“I just think that’s pathological,” he said on the All-In Podcast late last Friday. “You end up with this situation that could destabilize the financial markets.”

Read full article.

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Book: Broken Markets: How High Frequency Trading and Predatory Practices on Wall Street Are Destroying Investor Confidence and Your Portfolio

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Broken Markets: How High Frequency Trading and Predatory Practices on Wall Street Are Destroying Investor Confidence and Your Portfolio

Sal Arnuk is partner,  cofounder, and co-head of equity trading of Themis Trading, LLC, a leading independent agency brokerage firm that trades equities for institutional money managers and hedge funds. Arnuk has extensive experience in equities trading and is an expert in electronic trading and market structure.  Prior to founding Themis in 2002, he was with Instinet Corporation, where he headed the team responsible for equity sales and trading for institutional money managers, for more than 10 years.

Learn
• Why retail investors are pulling their money out of stocks in unprecedented amounts
• How decades of regulation created the broken markets we have today
• Why there are more than 40 exchanges, sub-exchanges, and dark pools rife with conflicts of interest where stocks are traded today
• How the stock exchanges became for-profit companies and fundamentally changed market structure
• Why the Flash Crash happened―and why it will happen again
• How there are two markets―the fast, accurate one that high frequency traders see and the slower one that retail and institutional investors see

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Article: Short Sellers Still Targeting Retail, Biotech ETFs

Article - Media, Publications

Short Sellers Still Targeting Retail, Biotech ETFs

Wayne Duggan, 18 February 2021

After a huge second half of 2020, the S&P 500 is off to another hot start to 2021. With stock market valuations getting more bloated by the week, there are plenty of skeptics that believe certain stocks and sectors have come too far too fast.

There is currently $244 billion in aggregate domestic ETF short interest, according to S3 Partners analyst Ihor Dusaniwsky. Over the past month, Dusaniwsky said short sellers have increased their exposure by about $14 billion. Continue reading “Article: Short Sellers Still Targeting Retail, Biotech ETFs”