🚨I’m calling to restructure the @SECGov and the removal of Chair @GaryGensler.
Watch my closing remarks from today’s hearing where I lay out the abuse of power and failure to protect investors that has occurred.
Citadel, a Wall Street market maker and hedge fund, took a $600 million loan prior to the recent financial events and later required a $1.15 billion bailout from Sequoia Capital and Paradigm. This was the first time the firm had to seek outside investment. Despite this, Citadel has been releasing statements in the media about their business success. As a news website, InvestorTurf warns the public to exercise caution when considering investments in hedge funds like Citadel. Our analysis suggests that the institution may be in trouble and is continuously misleading its investors and the public. We believe that there are similarities between Citadel's actions and those of Bernie Madoff.
One of the best one page summaries of the entire $GME saga I have ever read. If there is anyone who still doubts this DD please point it out on this list, I will listen attentively: https://t.co/PPBlpgAMWv @citsecurities@ryancohen
18) This was, of course, the day that Gamestop, AMC, and other memestocks skyrocketed.
Why were users shut off?
It wasn't because of leverage: users tried to deposit $50 to buy $25 of stock, and were denied.
And it wasn't because stocks were "out of stock" or anything.
This is wild.
Bank of America, $BAC, failed to report over-the-counter options approximately 7.42 million times.
The failures occurred from 2009 to October 2020, and included 26 options positions that exceeded applicable size limits by 20% to 2,900%.
They only paid $5 million.
#GameStop Stock: 71.3 Million Shares Directly Transferred To Transfer Agent
$GME shareholders have embraced the practice of directly registering their shares in order to keep those shares out of the hands of brokers and market makers. 😡 https://t.co/IckmLgFpwg
@GaryGensler ☑️ Why does spoofing exist in our markets?
☑️ Why are there endless FTD's?
☑️ Why aren't retail orders going to lit exchanges?
☑️ How is PFOF still legal?
☑️ Why are threshold list rules not enforced?
☑️ Why is SSR not enforced?
☑️ Why do you allow short exempts to be abused?