Article: AMC is Now Designated by NYSE as a ‘Threshold Security’

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AMC is Now Designated by NYSE as a ‘Threshold Security’

Tim Fries, 29 June 2021

The more one zooms into the stock market’s underpinnings, the more surreal it gets. Today, the NYSE has designated AMC as a ‘threshold security’, shining further light onto the situation with AMC shares that fail to deliver.

MOASS Revisited
Yesterday, the Tokenist reported on another tie-in to the great short squeeze saga. Both TD Ameritrade and Schwab brokers announced their increased margin trading requirements to reduce the risk for themselves and for traders who wish to engage in the trading of the two mega-shorted stocks – GME and AMC. As these stocks already drained $12 billion from hedge funds, all market players are fortifying their financial walls. Continue reading “Article: AMC is Now Designated by NYSE as a ‘Threshold Security’”

Article: New NSCC Rule Change Poised to End the Short Squeeze Saga

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Image courtesy of 123rf.

New NSCC Rule Change Poised to End the Short Squeeze Saga

Tim Fries, 22 June 2021

On Wednesday, market makers, which are also DTCC clearing members, will have to tighten up their short-selling belts. Because their available capital will be contrasted more frequently with member deposits, their ability to maintain massive short positions is slated to be crippled.

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Article: How the GameStop Hustle Worked

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How the GameStop Hustle Worked

Lucy Komisar, 22 June 2021

I have written previously for the Prospect about the frenzy over GameStop (GME), the video game and electronics company. By now, you know the story. Millions of retail investors made the stock soar by over 1,000 percent in January 2021. This brought disaster upon a handful of hedge funds that had bet on GameStop’s stock to drop. According to Markets Insider, one analyst estimated losses in February of roughly $19 billion. The hedge fund Melvin Capital reportedly closed out its position after taking a drubbing of 51 percent. Another fund, Maplelane, lost 40 percent.

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Matt Taibbi: Let the Apes Have Wall Street

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Let the Apes Have Wall Street
Matt Taibbi, 10 June 2021
The much-publicized war over “meme stocks” drags a longstanding Wall Street ripoff out of the shadows, to hilarious results

On CNBC’s Fast Money last week, anchor Melissa Lee appeared to mention the unmentionable. She was talking with Tim Seymour, CEO of Seymour Asset Management, who made offhand mention of the hedge funds shorting now-infamous stocks like AMC and GameStop. “Look, there are a lot of short sellers out there who have been borrowing stock they didn’t have,” Seymour said.

“Naked shorts, yeah,” said Lee.

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Article: SEC IMPLEMENTS KEY STEP FOR DERIVATIVES OVERSIGHT 11 YEARS AFTER DODD-FRANK

Article - Media, Publications

SEC IMPLEMENTS KEY STEP FOR DERIVATIVES OVERSIGHT 11 YEARS AFTER DODD-FRANK

RICK STEVES, 11 May 2021

The U.S. Securities and Exchange Commission (SEC) has approved the DTCC Data Repository (U.S.) application to operate as a registered security-based swap data repository (SBSDR).

This is a key step in completing the implementation of derivatives oversight in the U.S., which was set out in Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). Dodd-Frank divided the regulatory oversight of derivatives between the SEC for security-based swaps (SBS; those that reference single security or loan or a credit default swap that references a narrow-based index) and the Commodity Futures Trading Commission for all other swaps. Continue reading “Article: SEC IMPLEMENTS KEY STEP FOR DERIVATIVES OVERSIGHT 11 YEARS AFTER DODD-FRANK”

Article: DTCC Proposes Shortening US Trading Settlement Cycle To T+1: Here’s Why That’s Important

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DTCC Proposes Shortening US Trading Settlement Cycle To T+1: Here’s Why That’s Important

Wayne Duggan, Benzinga, 24 February 2021

ROBERT STEELE: This article is such crap. As if DTCC had not willfully covered up $100 trillion in naked short counterfeit sales these past 15-20 years. Until DTCC is given a porcupine enema and we sent DOJ, FBI, and US Southern District Attorneys to jail for life for treason — enabling foreign collusion and domestic crime against the US economy — for life, this will not change.

Letter: Marc Cohodes to Judge Jed Rakoff

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PDF (5 Pages): 20210218-Cohodes Submission Against Petit

“Second, Mr. Cohodes has never engaged in naked short selling (that is, he trades through brokers who find shares for him to borrow and he pays high interest fees to maintain his short positions). He was never part of any concerted illegal campaign to target MiMedx; his actions were his own.”

Comment: The above statement by a lawyer is easily challenged in court with evidence. Mr. Cohodes appears to be panicking. This time around it will cost him 10X to 100X what he was forced to pay Patrick Byrne.  We have it all. The matter of compromised judges and DOJ and SCC as a RICO organization are also on the table. DTCC will not survive a Special Prosecutor.

Web: SEC Data Show $359 Million of GameStop Shares Failed to Deliver – Thank you Bloomberg for finally reporting the news

Web

SEC Data Show $359 Million of GameStop Shares Failed to Deliver – Thank you Bloomberg for finally reporting the news

Reddit, 17 February 2021

As usual, Bloomberg posting some truth embedded in a sea of lies and narrative.

“GameStop stock, for months among the most heavily shorted on the New York Stock Exchange, surged more than 1,700% from Jan. 1 through Jan. 27 as a legion of Reddit users piled on, forcing bearish traders to scramble for shares and brokers to take the highly unusual step of curbing trading.”

Read more at: https://www.bloombergquint.com/onweb/sec-data-show-359-million-of-gamestop-shares-failed-to-deliver

Apparently “unusual” is the new term for “illegal” 🤦🏻‍♂️

Article: Exposing The Robinhood Scam: Here’s How Much Citadel Paid To Robinhood To Buy Your Orders

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Exposing The Robinhood Scam: Here’s How Much Citadel Paid To Robinhood To Buy Your Orders

Tyler Durden, Zero Hedge, 14 February 2021

Frankly, we’ve had it with the constant stream of lies from Robinhood and neverending bullshit from the company’s CEO, Vlad Tenev.

With Tenev scheduled to testify on Thursday, alongside the CEOs of Citadel, Melvin Capital and Reddit, the apriori mea culpas have started to emerge – if a little too late – the former HFT trader spoke late on Friday on the All-In Podcast hosted by Chamath Palihapitiya, who had strongly criticized Robinhood over the trading restrictions, and Jason Calacanis, a Robinhood investor, and said that “no doubt we could have communicated this a little bit better to customers.”

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

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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”

MEMORANDUM FOR THE PRESIDENT OF THE UNITED STATES OF AMERICA: Subject: Immediate Opportunity to Confiscate $100 Trillion in Illicit Wealth from Wall Street

Book
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As delivered to POTUS, Patrick Byrne, Mike Flynn, & Sidney Powell. The Chief of Staff was not able to block this one.

FULL COLOR CARTOONS INCLUDED. Letter size for maximum effect. A collector’s item.

Wall Street has stolen over $100 trillion dollars from Main Street over the past fifteen years. They have also laundered over $100 trillion in dirty money from trafficking in children, drugs, and other contraband.

This means that there is $200 trillion in illicit wealth all of which is confiscatable by the President via civil and criminal forfeiture, without trial.

#MAGA is assured. This memorandum is worth $100 trillion to We the People. Share it broadly, please.

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