Tag: DTCC

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Release: President Trump Briefed on NSA Capabilities Against Financial Crime

Release

President Trump Briefed on NSA Capabilities Against Financial Crime

Senior-level sources confirm that President Trump is now fully aware of NSA holdings relevant to mapping all individuals on Wall Street engaged in organized financial crime.

WASHINGTON, D.C. Earth Intelligence Network has learned that President Donald Trump has been briefed on and is now fully aware of National Security Agency (NSA) holdings relevant to mapping all individuals on Wall Street who have communicated via any electronic channel to advance naked short selling and money laundering, both federal as well as state crimes.

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Tip: SEC Tokenism — Wilson-Davic & Co. Mock Hit . . .

Tip

SEC Charges Wilson-Davis & Co., Inc. with Failing to Report Suspicious Transactions

Everyone on the street knew this market maker was a complete front for the naked shorts, Goldman Sachs and the other big boys are worse.  It’s like they rent their market-maker driving license for fat fees to the hedge funds, no worries how many investors get run over and killed by naked short sellers.

Need to fence the small caps and end market-maker exemptions.  Need to make all trades transparent “by name” of the buyer or seller.  Need to see the tickets every day, no exceptions.  And of course need to hang anyone who fails to settle.  DTCC is the enabler — dirty, dirty, dirty.

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Web: Why is Naked Short Selling Both Illegal and Common Practice?

Web

Why is Naked Short Selling Both Illegal and Common Practice?

First American Stock Transfer, undated

The Depository Trust & Clearing Corporation or DTCC (the final depository where all U.S. trades are settled and cleared) cannot settle fraudulent trades. According to the DTCC website, “We don’t have any power or legal authority to regulate or stop short-selling, naked or otherwise.”

While DTCC may not have the authority to regulate any short selling, it could create computer programs that would track share holdings to determine if they are real shares or simply entitled. Some believe that the DTCC chooses not to monitor these transactions more closely, because they make money on the interest and the loaning of these shares.

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Subject: Depository Trust Clearing Corporation (DTCC)

Subject of Interest

The Depository Trust & Clearing Corporation (DTCC) is an American post-trade financial services company providing clearing and settlement services to the financial markets. It performs the exchange of securities on behalf of buyers and sellers and functions as a central securities depository by providing central custody of securities.

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Web: Wikipedia – Naked Short Selling

Web

Naked Short Selling

Naked short selling, or naked shorting, is the practice of short-selling a tradable asset of any kind without first borrowing the security or ensuring that the security can be borrowed, as is conventionally done in a short sale. When the seller does not obtain the shares within the required time frame, the result is known as a “failure to deliver” (“FTD”). The transaction generally remains open until the shares are acquired by the seller, or the seller’s broker settles the trade.

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THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?