BREAKING🚨 ANN VANDERSTEEL WILL HOLD A PRESS CONFERENCE IN FRONT OF THE SEC ON JAN 12TH DEMANDING TRANSPARENCY FOR RETAIL INVESTORS
- Ann urges members of Congress to stand with her in demanding accountability for the SEC’s failure to protect retail investors $MMTLP $GME $AMC
🔫This is one of several smoking guns.
The 1st $MMTLP Corporate Action stated shareholders would receive one (1) share of Next Bridge Hydrocarbons on 12/14/22, while simultaneously declaring MMTLP shares cancelled effective 12/13/22.
As written, that is logically impossible. A security cannot be cancelled before the date required to receive the distribution. Had this Corporate Action been properly reviewed under @FINRA Rule 6490, it never should have appeared on the Daily List.
Meanwhile, the SEC was engaged in email communications with FIF, a broker-dealer trade organization, regarding concerns over synthetic (fake) shares and uncovered short positions being carried by broker-dealers.
Rather than force reconciliation or require shorts to cover, FINRA, the regulator overseeing those same broker/dealers, ensured they never had to. FINRA later claimed it relied on language from a December 23rd press release, yet still failed to include the correct 12/14/22 (after market close) share cancellation date. Instead, FINRA doubled down by deleting the MMTLP symbol on 12/13, an action that typically coincides with share cancellation.
By doing so, FINRA, not Meta Materials or Next Bridge, forced a Mandatory Exchange/Reorganization on December 13, regardless of issuer intent. Every brokerage was compelled to comply because it was FINRA’s Corporate Action, not the issuer’s.
Then, just three days before the position was set to close, FINRA invoked a U3 halt, an extraordinary measure reserved for industry preservation emergencies, to halt a security that was never supposed to trade in the first place.
The result: short positions were frozen in place, reconciliation was avoided, innocent investors were locked out, and entire #MMTLP portfolios were effectively wiped out leaving a path of destruction and despair for over 65,000 #MMTLPFAMILY members.
FINRA later removed the requirement that MMTLP be held through 12/14/22, a change that appeared only months later in its first FAQ, after the damage was already done.
This is a clear example of regulatory coordination and FINRA acting outside its scope of duty.
Unless someone can point to where FINRA is authorized to rewrite an issuer’s Corporate Action in a way that causes settlement failure and protects broker/dealers, this was regulatory misconduct.
Perhaps representatives from FINRA and the @SECGov or @SecScottBessent would like to comment at the upcoming Press Conference in front of the SEC?
Will the @TheJusticeDept send anyone?
The #MMTLPARMY will be there...💪
THE MMTLP IS NOT GOING AWAY....
Word of caution to the perpeTRAITORs in the District of Corruption.
The #MMTLPARMY is coming and you will have to give answers.
The court of public opinion is growing. Brace for impact.
🚍...💥..............🛞
Hey @FINRA, we already know Chairman Gensler @SECGov threw you under the bus at the Senate Banking Hearing, but did Financial Information Forum (FIF) and your very own BROKER/DEALER MEMBERS stick it to you as well???
According to The MMTLP Army's NEW SMOKING GUN FOIA they did...
"Becasue of the prior [U3] FINRA trading halt, there are shares on loan that lending broker-dealers cannot recover."
💥RUH-ROH...now instead of ONE member admitting they don't have enough shares [Tradestation] you have a "group of FIF members" admitting they have open short OBLIGATIONS.
💥What happens when the number of OBLIGATIONS far exceeds FINRA's declaration of 2.65M "insignificant" short interest??? #StayTuned #Incoming #receipts
💥Are these open short OBLIGATIONS the "EXTRAORDINARY EVENT" you used to justify the U3 Halt that trapped investors for OVER 1100 DAYS & COUNTING!!! (We know...you bet your ass they are!!!)
💥Ain't re-hypothication a b*tich when you get caught with your pants down??? #SEA15c33 #RegSHO
💥YOU F^K'D WITH THE WRONG TICKER!!! $MMTLP
WE ARE NOT GOING AWAY!!! #RELENTLESS
FULL FOIA THREAD HERE: https://t.co/xtvJYR3rJi
@annvandersteel@laralogan@JamesOKeefeIII@cvpayne@RealAlexJones@TheRobbCarter@kshaughnessy2@denniskneale
BREAKING🚨 Georgetown Professor James J. Angel Paid $1.14 Million by SEC Amid MMTLP Issue
Evidence Shows James Angel, Opposed to $MMTLP, Briefed Congress and Sought to Sway Representatives Against the Issue During This Timeframe
James Angel provided a presentation to Congress in May 2023 deflecting the MMTLP issue, a month later he gets awarded by the SEC over $200k
Presentation: (open in google docs app or desktop) https://t.co/ziAguphaJb
Unusually, James was Forced to Repay Most of the Award, Netting Only $15,795 After Returning $1.12 Million to the SEC
Grok suggests that the Repayment may be due to:
1. Overpayment Correction: The SEC may have overpaid Angel for his services, and he was required to return the excess.
2. Contractual Issue: There could have been a dispute or termination of Angel’s contract, requiring him to refund the money.
3. Regulatory Scrutiny: Given the public attention on MMTLP and allegations of collusion, the repayments might reflect an effort to avoid the appearance of impropriety, especially if Angel’s role in briefing Congress on MMTLP was seen as conflicted.
You can find the SEC paying James J. Angel here:
https://t.co/WDLZxlVUWw
BREAKING🚨 ANN VANDERSTEEL WILL HOLD A PRESS CONFERENCE IN FRONT OF THE SEC DEMANDING TRANSPARENCY FOR RETAIL INVESTORS
- Ann calls for members of Congress to join her in January as she demands answers regarding the SEC’s failure to protect retail investors $MMTLP
#FOIA#MMTLP Executive Summary:
By October 2023, @SECGov Trading & Markets team had written documentation from the FIF team (the broker-dealer lobby group) that:
- There were still shares on loan due to the FINRA halt, - Lending broker-dealers could not recover them, and - The Next Bridge S-1, if approved as filed, would lock that in.
They did not disclose this to the affected investors or the issuers. They worked it through with the industry in PRIVATE BEHIND CLOSED DOORS...
Lets break it down in detail....shall we? Pages 4, 3, 2, 1:
Full access to the FOIA Doc [dropbox link]: https://t.co/13wY9ps47J
1. What the FOIA document actually is an email chain between:
- Howard Meyerson, Managing Director, Financial Information Forum (FIF) – FIF is an industry association representing broker-dealers, exchanges, and tech vendors and senior staff in the SEC’s Division of Trading and Markets (TM):
- David Saltiel
- John F. Prochilo (Advisor to the Director)
- Erik Gerding and Sai Rao are also in the loop on earlier emails
The entire conversation is about Next Bridge Hydrocarbons’ Form S-1 (the MMTLP spinout) and the “process proposed by Next Bridge” for distributing shares and paper certificates.
So, despite the usual “we can’t talk about a specific issuer” line, Trading & Markets is ENGAGING in substantive back-and-forth with an industry lobby group specifically about Next Bridge’s S-1 and its operational implications.
2. The timeline and key events
a) FIF initiates contact (September 19, 2023)
Meyerson writes to senior SEC staff (Gerding, Saltiel, Rao):
Introduces FIF as an association for broker-dealers, exchanges, tech vendors
Says FIF members have concerns about the Next Bridge S-1
Requests a call so FIF members can “communicate certain operational concerns about the process that Next Bridge is proposing”
Crucially, this is industry asking for access to the SEC about a live filing.
b) SEC response – “We can’t talk about the issuer, but yes, let’s talk” (September 23, 2023)
Saltiel replies:
Apologises for delay...
Says TM would be “happy to hear from FIF and your members about operational issues associated with certain types of corporate actions”
Adds they are “unable to comment on any specific issuer’s disclosures” and want the focus on “operational issues rather than the disclosure per se”
Asks for more detail on the concerns and suggested times for a meeting
Translation:
“We’ll have the meeting you want about Next Bridge, but we’ll frame it as ‘general operational issues’ for optics”
Side questions... what is the definition of RICO??
c) Scheduling the meeting (October 2–4, 2023)
Meyerson proposes dates for a call and says they will send an OUTLINE OF THE POINTS FIF members want to raise before the call.
On October 4, 2023, he sends that outline. This is the core of the FOIA.
LIKE 👍 IF YOU THINK ANN VANDERSTEEL SHOULD HOLD A PRESS CONFERENCE IN FRONT OF THE SEC HQ
- Ann Vandersteel says she plans to release key information that could expose the SEC’s inaction in protecting retail investors
ALL RETAIL SHOULD LIKE $MMTLP $GME $AMC $GNS $QNTM $BYND
$MMTLP
Regulators and broker dealers knew there weren’t enough shares.
Their own words indicate their concerns were damage control and containment, not investor protection.
“…Because of the trading halt there are shares on loan that lending broker-dealers cannot recover…
If the SEC approves the S-1 filing as proposed, lending broker dealers will not be able to recover these shares (or the equivalent warrants) on behalf of customers…”
It’s why they won’t reveal the independent audited aggregate share count.
They don’t want shareholders to know how bad the problem is.
@bleedblue18@palikaras