Transcript – WALL STREET TREASON CRIME Wes Christian Raw–Wal Street Has Stolen 100 Trillion
Article: What Investors Should Learn From Reddit, GameStop, Market Manipulation And Other Recent Headlines
Article - Media, PublicationsWhat Investors Should Learn From Reddit, GameStop, Market Manipulation And Other Recent Headlines
Bob Carlson, 11 February 2021
Over the last couple of weeks, the financial headlines have been dominated by market manipulation, GameStop, short squeezes, Reddit frenzies and other uncommon topics. A little perspective makes it easier to understand these events and how they should affect your investment strategy.
The big news was the strong increase in the price of the stock of GameStop, a video game retailer that many investors thought was slowly dying. The price apparently increased because a large number of members in a forum on the Reddit web site said investors should buy the stock. Continue reading “Article: What Investors Should Learn From Reddit, GameStop, Market Manipulation And Other Recent Headlines”
Article: Government agencies probe GameStop pump over potential illegal manipulation
Article - Media, PublicationsGovernment agencies probe GameStop pump over potential illegal manipulation
DUNCAN RILEY, 11 February 2021
U.S. government agencies have launched federal investigations into whether the social-media-driven activity around GameStop Corp.’s share price rise in January constituted illegal market manipulation.
According to a report today in The Wall Street Journal, both the U.S. Department of Justice and the Commodity Futures Trading Commission are formally investigating the pump of GME stock, and the Securities and Exchange Commission is also reviewing the matter.
The investigation by the justice department is being led by the department’s fraud section and the San Francisco U.S. attorney’s office who have sought information about the security activity from brokers and social media companies that were at the center of the trading frenzy. Subpoenas are said to have been issued for information to brokers including Robinhood Markets Inc. that was widely used by those buying up GameStop and other shares such as AMC Entertainment Holdings Inc. Continue reading “Article: Government agencies probe GameStop pump over potential illegal manipulation”
Article: The Gamers’ Uprising Against Wall Street Has Deep Populist Roots
WebThe Gamers’ Uprising Against Wall Street Has Deep Populist Roots
Wall Street may own the country, as Kansas populist leader Mary Elizabeth Lease once declared, but a new generation of “retail” stock market traders is fighting back.
Ellen Brown, SheerPost, 10 February 2021
A short squeeze frenzy driven by a new generation of gamers captured financial headlines in recent weeks, centered on a struggling strip mall video game store called GameStop. The Internet and a year off in this shut down to study up have given a younger generation of investors the tools to compete in the market. Gerald Celente calls it the “Youth Revolution.” A group of New York Young Republicans who protested in the snow on January 31 called it “Re-occupy Wall Street.” Others have called it Occupy Wall Street 2.0.
Continue reading “Article: The Gamers’ Uprising Against Wall Street Has Deep Populist Roots”
Article: 15 Hedge Fund Managers Made $23 Billion In 2020
Article - Media15 Hedge Fund Managers Made $23 Billion In 2020
Tyler Durden, Zero Hedge, 10 February 2021
The historic gains by a handful of Wall Street tians demonstrates “the disconnect between the stock market and the real economy,” said finance professor Reena Aggarwal, director of Georgetown University’s Center for Financial Markets & Policy. While high volatility and low interest rates buoyed hedge funds, much of the population struggled “with worries about health, jobs, mortgage payments and student loans,” she said.
Graphic: Profiteering by Hedge Fund Titans
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Article: Robinhood Users Face Uphill Fight For TRO In GameStop Suit
Article - Media, PublicationsRobinhood Users Face Uphill Fight For TRO In GameStop Suit
Craig Clough, 10 February 2021
A California federal judge indicated Wednesday that she is unlikely to issue a temporary restraining order or preliminary injunction against Robinhood Financial LLC to prevent it from blocking specific transactions on volatile stocks after a user suing the company said the online trading platform’s recent actions were “unprecedented.”
The lawsuit before U.S. District Judge Virginia Phillips is one of more than 30 civil suits Robinhood is facing over its decision late last month to block users from buying shares of GameStop, AMC and other volatile stocks recently caught up in a well-publicized trading frenzy. Continue reading “Article: Robinhood Users Face Uphill Fight For TRO In GameStop Suit”
Article: Ballard Increases Bought Deal Offering of Common Shares
Article - Media, PublicationsBallard Increases Bought Deal Offering of Common Shares
GLOBE NEWSWIRE, 10 February 2021
Ballard Power Systems (“Ballard” or “the Company”) (NASDAQ: BLDP; TSX: BLDP) today announced that, due to strong demand, it has agreed with a syndicate of underwriters led by TD Securities Inc. and National Bank Financial Inc. (collectively, the “Underwriters”), to increase the size of its previously announced US$350 million bought deal offering (the “Offering”). Pursuant to the upsized deal terms, the Underwriters have agreed to purchase, on a bought deal basis, 14,870,000 common shares of the Company (the “Common Shares”) at a price of US$37.00 per Common Share (the “Offering Price”) for gross proceeds of US$550,190,000. Continue reading “Article: Ballard Increases Bought Deal Offering of Common Shares”
Article: Tucows Announces $40 Million Stock Buyback Program
Article - Media, PublicationsTucows Announces $40 Million Stock Buyback Program
GLOBE NEWSWIRE, 10 February 2021
Tucows Inc. (NASDAQ: TCX, TSX: TC) announced today that its Board of Directors has approved a stock buyback program to repurchase, from time to time, up to $40 million of its common stock in the open market.
The new $40 million buyback program will commence February 10, 2021 and will terminate on or before February 9, 2022. Purchases for the new buyback program will be made exclusively through the facilities of the Nasdaq Capital Market. The previously announced $40 million buyback program for the period February 13, 2020 to February 12, 2021 has been terminated. Continue reading “Article: Tucows Announces $40 Million Stock Buyback Program”
Mirror: Jim Cramer Explaining the Basics of Stock Market Manipulation
EIN TOON: Eric “No Jail for Naked Short Sellers” Holder — :Justice Is What I Am Paid To Say It Is.”
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Reference: The Holder Memorandum
Legal Review: This is political satire and it is defensible.
Mirror: Jim Cramer Discusses Subpoena with Herb Greenberg the Worst Business Journalist in America
Article: Mercurity Fintech Holding Inc. Announces Results of 2021 Extraordinary General Meeting
Article - Media, PublicationsMercurity Fintech Holding Inc. Announces Results of 2021 Extraordinary General Meeting
PRNewswire, 09 February 2021
Mercurity Fintech Holding Inc. (the “Company”) (Nasdaq: MFH) today announced the results of its 2021 Extraordinary General Meeting, held on February 5, 2021 in Beijing, where it adopted resolutions, effective immediately, to: (i) increase the authorized share capital of the Company from US$50,000 to US$250,000; and (ii) re-elect following nominees as members of the Company’s Board of Directors: Continue reading “Article: Mercurity Fintech Holding Inc. Announces Results of 2021 Extraordinary General Meeting”
Article: FINRA GameStop Probe May Put Firms’ Compliance In Focus
Article - Media, PublicationsFINRA GameStop Probe May Put Firms’ Compliance In Focus
Al Barbarino, 09 February 2021
The Financial Industry Regulatory Authority is likely investigating the social media activity of brokers tied to the GameStop stock-trading frenzy, which could ultimately lead to scrutiny of firms’ supervisory procedures and require fine-tuning of their compliance policies.
The erratic trading that sent GameStop’s share price soaring to a high of $483 on Jan. 28 before crashing down was fueled in part by a Reddit board where users promoted the stock to counter Wall Street firms that had bet against it. After weeks of wild fluctuations, the stock closed Tuesday at just over $50. Continue reading “Article: FINRA GameStop Probe May Put Firms’ Compliance In Focus”
Article: Investigations Into GameStop Trading And Reddit: Former SEC Enforcement Chief Provides Insights
Article - Media, PublicationsInvestigations Into GameStop Trading And Reddit: Former SEC Enforcement Chief Provides Insights
Bruce Brumberg, JDN, 9 February 2021
The Reddit/GameStop aftermath continues. Now, it’s been reported, investigators at the US Securities and Exchange Commission (SEC) are allegedly scouring posts on social media and online message boards for evidence of fraud and coordinated stock-price manipulation in the hype that led to recent unlikely surges in the stock prices of GameStop, AMC Entertainment Holdings, and a few other companies.
What goes on in these types of SEC investigations? Are individual investors who contributed to the online buzz about these companies really at risk of SEC enforcement actions or criminal prosecution? What about the legality of the decision by trading app Robinhood and other online trading platforms to temporarily restrict trading in the stock of GameStop and the other targeted companies? Continue reading “Article: Investigations Into GameStop Trading And Reddit: Former SEC Enforcement Chief Provides Insights”
