Article: Warren Seeks Answers From Robinhood Over Trading Limits

Article - Media, Publications

TWarren Seeks Answers From Robinhood Over Trading Limits

Jon Hill, 02 February 2021

Sen. Elizabeth Warren, D-Mass., is calling on Robinhood to more thoroughly explain its decision last week to restrict trading in shares of GameStop and other companies amid a frenzy of retail investor activity, saying the move has raised questions about potential conflicts of interest facing the trading platform.

In a Tuesday letter to Robinhood CEO Vladimir Tenev, Warren described the trading restrictions as an “abrupt” rules change that not only risked hurting Robinhood’s retail investor customers but has also led to concerns about how the platform’s ties to hedge funds and other bigger Wall Street players may have influenced its decision-making. Continue reading “Article: Warren Seeks Answers From Robinhood Over Trading Limits”

Article: U.S. commodities regulator monitoring silver markets activity -acting chairman

Article - Media, Publications

U.S. commodities regulator monitoring silver markets activity -acting chairman

Lisa Lambert, 02 February 2021

WASHINGTON, Feb 1 (Reuters) – The U.S. commodities regulator is closely monitoring recent activity in the silver markets and working with fellow regulators to address any potential from the moves, said its acting chairman, Rostin Behnam, in a statement released on Monday.

The Commodity Futures Trading Commission “is communicating with fellow regulators, the exchanges, and stakeholders to address any potential threats to the integrity of the derivatives markets for silver, and remains vigilant in surveilling these markets for fraud and manipulation,” Behnam said.

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Movie on Wall Street Treason & Crime Updated 21 Feb

Notice

AN INVESTOR HAS OFFERED $100K toward a full-length professional movie with in person multi-crew interviews and maximum professional editing and narration. Seeking three more investors at $100K each, ideally individuals who want their own stories featured rooted in their experience with Wall Street treason, naked short selling, or money laundering and other forms of financial fraud. Anyone filing a mega-million lawsuit against Goldman Sachs, Merrill Lynch, JP Morgan, or Citadel is particularly well-qualified to be an executive producer of this new movie. Continue reading “Movie on Wall Street Treason & Crime Updated 21 Feb”

Article: Wall Street Mania Poised to Spur SEC Focus on Apps, Shorts, T+2

Article - Media

Wall Street Mania Poised to Spur SEC Focus on Apps, Shorts, T+2

By ,, , and

Bloomberg, 2 February 2021

ROBERT STEELE: The article by Bloomberg is largely bullshit. Buried in one line is “failure to settle.” The reporting is unprofessional and irresponsible.

Continue reading “Article: Wall Street Mania Poised to Spur SEC Focus on Apps, Shorts, T+2”

Article: The War On Wall Street: GameStop Sparks Revolution With Retail Investors

Article - Media, Publications

The War On Wall Street: GameStop Sparks Revolution With Retail Investors

Anat Alon-Beck, 01 February 2021

I don’t know about you, but I’ve been glued to the financial news during the past week.

And, for the first time, both my husband and my son were actually interested in my work. It is mind-boggling.

My husband first told me these stories of people making exorbitant amounts of money trading stock options, and no, not people we know from the investment community. My son, who turned 11 this month, wanted to know what’s all the buzz in the news about his favorite store: GameStop GME +0.9%. Continue reading “Article: The War On Wall Street: GameStop Sparks Revolution With Retail Investors”

Game On In Silver: This Could Be For Real

Article - Media

Andrew Hecht | 21.02.02

During the past several days, the highly-speculative silver market became a central focus of the social media crowd. Markets move high when buyers are more aggressive than sellers and vice versa. Silver is now the next target for the herd that cashed in on GameStop and other shares with short interest. Silver and GME shares are very different assets, but the price action puts them in the same category in the current landscape.

Continue reading “Game On In Silver: This Could Be For Real”

Article: NAK DEADLINE TOMORROW: Hagens Berman Alerts Northern Dynasty Minerals (NAK) Investors to Lead Plaintiff Deadline, Encourages Investors with Losses to Contact its Attorneys

Article - Media, Publications

NAK DEADLINE TOMORROW: Hagens Berman Alerts Northern Dynasty Minerals (NAK) Investors to Lead Plaintiff Deadline, Encourages Investors with Losses to Contact its Attorneys

Hagens Berman Sobol Shapiro LLP, 01 February 2021

Hagens Berman urges Northern Dynasty Minerals Ltd. (NYSE: NAK) investors to submit their losses now. A securities fraud class action is pending before the U.S. District Court for the Eastern District of New York and certain investors may have valuable claims.

The lawsuit alleges Northern Dynasty and senior executives misled investors about the viability of the company’s proposed Pebble Project, a large mining project in Alaska.

In past quarters, Northern Dynasty repeatedly touted its progress in obtaining the necessary permitting for the Pebble Project. The company and senior management also repeatedly assured investors that the Pebble Project design included a substantially reduced development footprint and meaningful new environmental safeguards and, as a result, would likely receive necessary permits from federal, state and local regulatory agencies.
Continue reading “Article: NAK DEADLINE TOMORROW: Hagens Berman Alerts Northern Dynasty Minerals (NAK) Investors to Lead Plaintiff Deadline, Encourages Investors with Losses to Contact its Attorneys”

New York Bank Fined For Anti-Money-Laundering Law Failures

Article - Media, Fined

WSJ | 21.02.01

Apple Bank for Savings will pay the FDIC $12.5 million for allegedly failing to comply with the Bank Secrecy Act

Apple Bank for Savings agreed to pay $12.5 million to settle a regulator’s claims that it failed to comply with anti-money-laundering rules. The bank allegedly violated the Bank Secrecy Act, an anti-money-laundering law, between April 2014 and September 2018, the Federal Deposit Insurance Corporation said. The order was issued in December and made public on Friday.

Continue reading “New York Bank Fined For Anti-Money-Laundering Law Failures”

Carson Block Suspects Hedge Fund Coordination in Short Squeezes

Article - Media

Carson Block, the activist short-seller famous for targeting Chinese frauds, recognizes familiar behavior in the rally of shares such as GameStop Corp. To him, the parabolic moves look less like the product of Reddit-driven retail orders than a short squeeze by hedge funds targeting other hedge funds.

Continue reading “Carson Block Suspects Hedge Fund Coordination in Short Squeezes”

A Trading Forum on Reddit Leads a Stock to Surge over 1700% in Just One Month! Who is the Villain in the GameStop Saga?

Article - Media

Continue reading “A Trading Forum on Reddit Leads a Stock to Surge over 1700% in Just One Month! Who is the Villain in the GameStop Saga?”

Steven Vervaecke: Wall Street Controlled Demolition Part 2

Letter

The wallstreetboys reddit gamestop saga has been interesting. But the next chapter will be far more interesting.

The elite have striken back very agressive after being taken in total surprise. the robin hood app have forced all the gamestop traders to sell their shares instead of holding it. with some futher manipulation the elite where allowed to trade first and drove the reddit people to sell with loss.

Continue reading “Steven Vervaecke: Wall Street Controlled Demolition Part 2”

Robert Steele: Wall Street Controlled Demolition Part 1

Letter

Alert Reader sent me this.

Robert,

I believe that some opening shots may have been fired on Wall Street and the central banking system. It is unlikely that the recent price action GameStop stock (and others) was simply caused by Reddit bloggers. Understand that stock bloggers chat rooms have been around for two decades. Also understand that in order for a stock to move a couple of points, some serious and sustained purchase volume is needed. This would only come from well-capitalized or institutional sources. It is dubious to conclude that a bunch of keyboard warriors pooling their relative “nickels and dimes” would cause a major stock or market movement.

Continue reading “Robert Steele: Wall Street Controlled Demolition Part 1”